Vital F1 - F1 teams discuss new Concorde Agreement
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

F1 teams discuss new Concorde Agreement

The politics away from the track in Formula One will always grab the headlines from time to time.

It usually involves teams trying to thrash out a deal for a new Concorde Agreement or in recent times it will involve the Resource Restriction Agreement [RRA].

The latest talks involve both and when eventually agreed, will be used from next season and right through to 2020.

The talks are crucial in regards to how the sport will be governed over the next few years with the FIA putting forward proposals on entry fees, cost control and a new governance structure.

Obviously all the teams will have their own views, depending on which part of the grid they operate from and whether or not they are a manufacturer or a team.

For example Mercedes and Ferrari might want one thing as a team and engine manufacturer, whilst McLaren and Red Bull are likely to want another.

The politics then take centre stage over which teams will compromise first in order for an agreement to be reached.

At the moment, it looks like there is a bit of stalemate going on with a new deal unlikely to be agreed before the end of the current season.

All the Formula One teams, FIA president Jean Todt and F1 supremo Bernie Ecclestone met in Paris on Monday and talks remain ongoing, no agreements were met, but things according to the FIA at least, appear to be positive.

'All the participants in the meeting were encouraged to seek clarification which resulted in a fruitful and helpful debate on how the new structure would operate in 2013 and beyond,' the FIA said in a statement.

'A further important step has been achieved today to secure the future of the F1 World Championship which should lead to a final settlement to be reached between the FIA, the Commercial Rights Holder and the Teams in the coming weeks.'

However despite the positive statement there are clear divides amongst the teams. Neither Red Bull or Toro Rosso were invited to a recent team principals meeting in Japan.

Red Bull are in disagreement with other teams regarding the regulation of the RRA agreement and in particular a limit on engine spending.

One proposal is for the FIA to regulate the RRA and make sure teams keep to the correct budgets, while Red Bull believe this will simply not work and tighter regulations are required in regards to chassis and engines to lower costs.

'Our view has always been that an RRA isn't an effective way of controlling costs if you only pick on certain elements, You have got areas of exclusion, and you have got different corporate entities that operate the ownership of their teams in different ways.' Red Bull boss Christian Horner told Autosport Magazine.

'What we have always said is that we want something transparent and all-encompassing. Certainly the RRA, the chassis RRA as it has been previously discussed, does not achieve that.

'If it were to include the engine it becomes more interesting. But our principal belief is that stability in the rules is the best way to control costs, because we can see stable rules have allowed many teams and independent teams to be competitive in current F1.

'It is therefore our firm belief that stable technical and sporting regulations are the best way of controlling costs as opposed to a resource restriction that does not treat all parties with parity.'

Join Vital F1

It's easy to join up and join in on, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday October 24 2012

Time: 12:00PM


Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Blog: Sochi Qualifying (Saturday October 10 2015)

2015 - Russian GP - Qualifying (Saturday October 10 2015)

2015 - Russian GP - FP3 (Saturday October 10 2015)

2015 - Russian GP - FP2 (Friday October 9 2015)

2015 - Russian GP - FP1 (Friday October 9 2015)

Blog: Sochi Preview (Thursday October 8 2015)

Ecclestone expects F1 to be sold (Wednesday October 7 2015)

Who will win in Russia? (Monday October 5 2015)

Manor secure Mercedes power for 2016 (Thursday October 1 2015)

Button to stay at McLaren in 2016 (Thursday October 1 2015)

Grosjean to join Haas in 2016 (Thursday October 1 2015)

Letter of intent signed for Lotus buy-out (Tuesday September 29 2015)

Where were Mercedes in Japan? (Monday September 28 2015)

Blog: Japanese GP Report (Sunday September 27 2015)

2015 - Japan GP - Race (Sunday September 27 2015)

Blog: Suzuka Qualifying (Saturday September 26 2015)

2015 - Japan GP - Qualifying (Saturday September 26 2015)

2015 - Japan GP- FP3 (Saturday September 26 2015)

2015 - Japan GP - FP2 (Friday September 25 2015)

2015 - Japan GP - FP1 (Friday September 25 2015)

Perez to stay with Force India (Thursday September 24 2015)

Blog: Suzuka Preview (Thursday September 24 2015)

McLaren ready for financial shortfall (Wednesday September 23 2015)

Button expected to announce retirement (Wednesday September 23 2015)

It's Ferrari or Bust for Red Bull Racing (Wednesday September 23 2015)

Maldonado to stay, Grosjean to leave? (Tuesday September 22 2015)

Who will win in Japan? (Monday September 21 2015)

Blog: Singapore GP Report (Monday September 21 2015)

2015 - Singapore GP - Race (Sunday September 20 2015)

Blog: Singapore Qualifying (Sunday September 20 2015)

2015 - Singapore GP - Qualifying (Sunday September 20 2015)

2015- Singapore GP - FP3 (Sunday September 20 2015)

2015 - Singapore - FP2 (Friday September 18 2015)

2015 - Singapore GP - FP1 (Friday September 18 2015)

Rosberg will keep believing (Friday September 18 2015)

Merhi & Rossi to share Manor Marussia seat (Thursday September 17 2015)

Another new deal for Melbourne (Thursday September 17 2015)

It's over says Renault (Thursday September 17 2015)

Blog: Singapore Preview (Wednesday September 16 2015)

Who will win in Singpore? (Wednesday September 16 2015)

Williams may not take Mercedes upgrade (Tuesday September 15 2015)

Big hopes for Ferrari in 2016 (Friday September 11 2015)

Button's wait nearly over? (Thursday September 10 2015)

Webber slams pay drivers (Wednesday September 9 2015)

Blog: Italian GP Report (Tuesday September 8 2015)

2015 - Italian Grand Prix - Race (Sunday September 6 2015)

Blog: Monza Qualifying (Sunday September 6 2015)

2015 - Italian Grand Prix - Qualifying (Saturday September 5 2015)

2015 - Italian Grand Prix - FP3 (Saturday September 5 2015)

2015 - Italian Grand Prix - FP2 (Friday September 4 2015)

2015 - Italian Grand Prix - FP1 (Friday September 4 2015)

Mercedes split on Red Bull deal (Friday September 4 2015)

Rosberg targets Monza pole (Thursday September 3 2015)

Formula One is on the edge (Thursday September 3 2015)

Renault to rescue Lotus team? (Thursday September 3 2015)

Blog: Monza Preview (Wednesday September 2 2015)

Who will win the Italian Grand Prix? (Tuesday September 1 2015)

McLaren drivers getting frustrated? (Friday August 28 2015)

Ferrari do not want fight with Pirelli (Thursday August 27 2015)

Hamilton delight at qualifying form (Wednesday August 26 2015)

Blog: Belgian GP Report (Monday August 24 2015)

2015 - Belgian GP- Race (Sunday August 23 2015)

2015 - Belgian GP - Qualifying (Sunday August 23 2015)

2015 - Belgian GP - FP3 (Sunday August 23 2015)

2015 - Belgian GP - FP2 (Friday August 21 2015)

2015 - Belgian GP - FP1 (Friday August 21 2015)

Raikkonen retains seat at Ferrari (Thursday August 20 2015)

Blog: Spa Preview (Wednesday August 19 2015)

Who will win the Belgium Grand Prix? (Tuesday August 18 2015)

Stevens pleased with Manor season (Friday August 14 2015)

Toro Rosso takeover talks over (Thursday August 13 2015)

Toro Rosso should push on (Monday August 10 2015)

Money means nothing to Ricciardo (Friday August 7 2015)

Honda to spend tokens (Thursday August 6 2015)

Force India investigate failures (Wednesday August 5 2015)

McLaren oppose testing plans (Tuesday August 4 2015)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1062
2. DJ 981
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 583
6. Druss_the_Legend 546
7. Push The Button 465
8. col8 334
9. The Intimidator 171
10. __villa__ 145

Current Site Poll (view all polls)

Who will win the Russian GP?
Hamilton 80%
Rosberg 4%
Vettel 16%
Raikkonen 0%
Ricciardo 0%
Kvyat 0%
Someone else 0%