Ferrari warns F1: ‘We’re not learning from the past’ ...Middle East

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Formula 1 has yet to draw up its next Concorde Agreement, but ahead of the all-important negotiations that will shape the trajectory of the sport from 2026, Ferrari team boss Fred Vasseur has urged F1 to heed the lessons from the past. Grand Prix racing’s Concorde Agreement, which governs the commercial relationship between F1, its teams, and the FIA, is set for its ninth variant in over four decades, having been first introduced in 1981. As Formula 1 embarks on its global expansion strategy, the next covenant assumes paramount importance. It will not only shape the financial distribution among teams but also likely determine the sport's ability to maintain its appeal in expanding markets. A

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Last updated : 12 Dec 2023 clock 08:17 PM

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Ferrari warns F1: ‘We’re not learning from the past’ ...Middle East

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