Illustration for article titled F1 Potentially Has a New Concorde Agreement!

After racing all season without a Concorde Agreement, the FIA and FOM have announced that a new Concorde Agreement has been worked out and is now awaiting seals of approval from all relevant parties. The Concorde Agreement sets out how money is distributed at the end of the year. Until now, each team had to negotiate with Bernie separately for their prize money, and all teams bar Marussia had such a deal in place. Now it appears that there is an agreement among everyone, with a prize structure in place.


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