FIA: Concorde Agreement deal is imminent

The future of Formula One should finally be resolved by the end of the next week.

A new Concorde Agreement, the commercial document that governs the sport, is due to be signed by the FIA, Bernie Ecclestone's Formula One Association and all 13 teams due to compete from next year.

The situation would bring to a close months of wrangling between motor sport's world governing body - primarily outgoing President Max Mosley - and the Formula One Teams' Association.

A copy of the proposed new agreement has been sent to the World Motor Sport Council for their consideration, and if ratified, F1 will have peace at last.

A statement from the FIA read: "Subject to the approval of the WMSC and on receipt of confirmation that a satisfactory cost-reduction agreement is in place, the new Concorde Agreement should be ready for signature at the end of next week."

Confirming the situation, Ferrari team principal Stefano Domenicali said: "We are very, very close to reaching a solution.

"As always with something so complex, the closer you get to the goal, the more everyone is trying to squeeze or find different things around it.

"But I'm optimistic before the August break everything will be sorted out."

pf1.com

i hope they settle the issues now

Originally Posted by SoMxNemesis

i hope they settle the issues now

They have to settle it now........Else F1 will be sued as Bernie says

Who is bothered about Bernie suing anyone? The longer the problems in FOTA and FIA, the more detrimental it is to the sport as such. In my opinion, they need to settle things either way, but settle it fast.

Originally Posted by hpindia

Who is bothered about Bernie suing anyone? The longer the problems in FOTA and FIA, the more detrimental it is to the sport as such. In my opinion, they need to settle things either way, but settle it fast.

Bernie said about FOTA & FIA conflict only.....Beginning a rebel series means nothing but suing each other...........IMO......FOTA will put more conditions when they sit the next time to talk

^ if they start a rebel series then FIA loses out. If F1 doesnt commit soon FOTA will sue them. End result Max Mosely will surely be thrown out. and we'll have a shitty year next season. The people who have invested in F1 will sue bernie and max. so much for the FIA

Originally Posted by SoMxNemesis

^ if they start a rebel series then FIA loses out. If F1 doesnt commit soon FOTA will sue them. End result Max Mosely will surely be thrown out. and we'll have a shitty year next season. The people who have invested in F1 will sue bernie and max. so much for the FIA

Max wont be the president until next season...In october he will step down and probably Todt will be the new President of FIA