F1 big bosses have fruitful and helpful meeting in Paris

23 October, 2012

FIA Logo.Oct.23 (GMM) Jean Todt has had a “constructive meeting” with Bernie Ecclestone and the twelve team bosses in Paris on Monday, the FIA said in a media statement.

The meeting, at which a “fruitful and helpful debate” ensued, was to present the teams with the 2013 Concorde Agreement and “new conditions of entry”.

The FIA said it expects a “final settlement” in the “coming weeks”.

More detail emerged in the pages of Italy’s Autosprint.

The magazine said the meeting will continue on Tuesday, where it will be discussed that only the 6 top teams – Ferrari, Red Bull, McLaren, Mercedes, Williams and Lotus – will have a say on the composition of future rules.

Another topic is the “definition of a customer car”, the report added, relating to the possible sale of complete chassis from one team to another.

Autosprint said customer cars could be a solution for struggling teams like HRT and Marussia, after Renault said it was not interested in supplying the Cosworth-powered pair with engines in the future.

If they were able to buy a complete car-engine package, however, it could reportedly be a different proposition.

Germany’s Auto Motor und Sport, meanwhile, reported recently that some teams objected in writing to FIA president Todt’s plans to dramatically increase the entry fees for 2013.

FIA Statement:  2012 Concorde Agreement

During a constructive meeting, Jean Todt, the FIA President, in co-operation 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.

Subbed by AJN.


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