News Details
Formula 1′s 2020 deal with teams not enough
While Formula 1 heads into the Winter Season, concerns over its longevity still bubble at the surface of the Constantin Medien trial regarding the sale of F1 in 2006 to CVC Capital Partners.
According to our friend, Christian Sylt, CVC boss, Donald Mackenzie said:
“Even now, after the latest contracts, which have been signed up to 2020, the first thing any new shareholder says to me: it’s not enough. Can’t we make it a longer period? We don’t want the uncertainty,” said Mackenzie
The teams have separate commercial agreements with Formula One Management and the FIA has an agreement but the tripartite arrangement known as the Concorde Agreement is yet to be ratified.
According to...
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11y ago from Formula1Blog.com
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