F1: FIA Hails Positive Meeting With Teams

Formula 1

F1: FIA Hails Positive Meeting With Teams

The FIA met with Formula One teams in Paris Monday to discuss a new Concorde Agreement and other issues...

Adam Cooper | http://www.speedtv.com | Posted October 22, 2012 Balen (BEL)

With only four events remaining on the 2012 F1 calendar, plans for the future of the sport are well underway. (Photo: LAT Photographic)

The FIA says that its crunch meeting with the teams in Paris Monday was “constructive” and an “important step” toward securing the future of the World Championship via a new Concorde Agreement.

A short statement from the FIA read as follows: “During a constructive meeting, Jean Todt, the FIA President, in cooperation with Bernie Ecclestone, the Commercial Rights Holder, has presented to all F1 Team

Principals the new structure of governance, including the new conditions of entry for the Concorde Agreement, starting in 2013.

“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.

“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.”

Adam Cooper notched up his 27th season as a racing journalist in 2011. He has written about F1 for SPEED.com since 2005. Follow him on Twitter.

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