New concord agreement

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myurr
myurr
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Joined: 20 Mar 2008, 21:58

Re: New concord agreement

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Also the final hope for the teams other than Ferrari and Red Bull with their own grubby little deals, would have been to hold firm and stall the talks for as long as possible. After May - Julyish the FIA wouldn't have had enough time to have thrown together a bunch of new teams to race against Ferrari and Red Bull, putting the other teams back in a strong negotiating position. They would have been needed to have had any championship at all.

Instead they've all cracked. My fear is that McLaren, having held out for a better deal for all the teams, ends up ultimately being penalised having been abandoned by all the others.

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WhiteBlue
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Re: New concord agreement

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http://www.sport360.com/article/f1-merc ... -cap-plans
Brawn:
As you know we’ve been strong supporters of the RRA, which we think is the intelligent budget cap. We’re still very strong supporters and that’s what I’d like to see going forward, and we’re working with the teams and the FIA to see if we can find further solutions to a resource restriction. Once you have a mechanism in place, of course you then decide on the appropriate levels for that mechanism to operate on. We’ve made it clear we want to change those levels over the years and make it more achievable to all the teams. But for those teams who can’t achieve those levels, it’s still important to have a resource restriction because they know they are still operating close to what the successful teams are operating with, and not a fraction of what they have. So we’re very strong supporters of the Resource Restriction, and it’s good to see Mr Ecclestone recognising that.
Looks like Mercedes has not given up on the RRA idea rather than the budget cap.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

Cold Fussion
Cold Fussion
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Joined: 19 Dec 2010, 04:51

Re: New concord agreement

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Why did the FIA sell the rights to F1 in the first place and why did they sell them for such a low price?

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WhiteBlue
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Re: New concord agreement

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http://www.formula1.com/news/headlines/ ... 13154.html
Ecclestone
I am very pleased to announce that we have reached commercial agreements with the majority of the current Formula One teams, including Ferrari, McLaren and Red Bull Racing, about the terms on which they will continue competing in Formula One after the current Concorde Agreement expires at the end of this year.
He has done it again. The contract is supposed to run until 2020. I wonder how this will impact on the RRA and the engine plan.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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matt21
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Joined: 15 Mar 2010, 13:17

Re: New concord agreement

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For anybody who is intrested.

The 1997 agreement:
http://memoiresdestands.hautetfort.com/ ... 126625.pdf

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WhiteBlue
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Re: New concord agreement

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Autosport wrote:Formula 1 will be better placed to secure its long-term future under the revised structure that is framed within the new Concorde Agreement, claims FIA president Jean Todt. Todt said that he believes an overhaul of the way that F1 is run to make it more democratic will prevent the kind of stalemates - and the ability of a minority of teams to block rule changes - that have held the sport back in the past.
As AUTOSPORT previously revealed, the old structure of Technical and Sporting Working Groups proposing rules through a 70 per cent majority for ratification by a 26-man F1 Commission is being revamped. Instead, a 18-strong 'Strategy Working Group' is being created - which will be made up of six team representatives (Ferrari, McLaren, Red Bull, Mercedes, Williams and the next best in the constructors'), six FIA representatives and six representatives from Formula One Management. This group will vote on rule changes that will be decided through a simple majority, and these will then be passed on to a trimmed 18-man F1 Commission. The new F1 Commission is made up of the six teams from the Strategy Group, every outfit that has scored a point in the previous championship, plus an FIA representative, an FOM representative, six promoters and an engine manufacturer.
Todt says he expects the new Concorde Agreement to be finalised in a matter of weeks, with all parties having agreed on the principles. Although the Concorde discussions have hit hurdles along the way, Todt said he was adamant that he would only agree to a solution that was good for the sport as a whole.
Jean Todt wrote:For me, it will be much more open to be able to change something. At the moment, with the way it is structured, you can never change anything. The decision will be based on majority and not any more 70 per cent. The new structure will be better able to react to the needs of the sport as a whole. It will be a democratic and balanced organisation, which doesn't exist now. So for the FIA it is a plus.
I will never think that we have only to make sure that we please the FIA. I will not accept that we only please the teams. Or that we only please the commercial rights holder. For me it has to be a balanced element. And I think after quite a few discussions with the commercial rights holder, CVC, with Bernie, speaking with the teams, speaking then globally with everybody, sometimes we have only two parts. So for me it was important to put three parts together, which I did on October 22 in Paris. We agreed on most of the principles and now we have to finalise the written agreement, and hopefully to sign it. For the FIA, it will reinforce its position, but in a balanced way.
This is one of the best pieces of news that I have heard in a very long time. Rule changes for the better have been notoriously difficult in the past with a mojority vote of 70% needed and such a huge commission. The nine point scoring team still have the voting majority in the commission if they stick together and collect only one vote from Todt, Bernie, the promoters or the engine manufacturer. That is pretty much status quo in terms of power balance for the teams. But it replaces the stagnation by simply asking for a 50% majority. Well done Todt! The strategy working group also looks like the right thing to do. I'm looking forward to better and faster decisions.
Formula One's fundamental ethos is about success coming to those with the most ingenious engineering and best .............................. organization, not to those with the biggest budget. (Dave Richards)

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Hail22
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Joined: 08 Feb 2012, 07:22

Re: New concord agreement

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Very good news for Formula 1 indeed WB.

Interestingly though is that most of the delegation that is contained in "New structure" will most likely push for a legislated/strictly monitored form of the RRA? (which would allow teams to argue the retention of the current engine formula)

Perhaps from this deal there may be the return for on track testing? (Magny Cours, Imola, Bahrain etc)?
If someone said to me that you can have three wishes, my first would have been to get into racing, my second to be in Formula 1, my third to drive for Ferrari.

Gilles Villeneuve