News Details
‘F1 should seize chance to redress imbalances'
The signing of Formula 1's new Concorde Agreement is on hold with Formula E boss Alejandro Agag urging the sport to seize the opportunity to 'shake down the whole system'. After months of negotiations, Liberty Media had hoped to get the first signatures on a new Concorde Agreement in April. That's on hold. With the 2020 season yet to begin and teams facing financial ruin, 2021's regulations are no longer set in stone. Not only have the teams agreed to defer what would have been the new 2021 technical regulations to 2022 but they have also announced that they will race this year's chassis next season. The budget cap has also dropped from $175 million to $150m with some teams wanting a...
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5y ago from PlanetF1.com
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