Why Formula 1 is hanging in limbo
Formula 1 continues to be in limbo regarding many key aspects, including a new Concorde Agreement. Could this lead to a breakaway series? Dieter Rencken explains why that can't be ruled out
For the past three decades, a document known as the Concorde Agreement has maintained the status quo in Formula 1 by outlining the obligations players have to each other and the sport.
In the beginning there were two - the FIA on the one side, and the teams collective known then as FOCA on the other - with the bounty being television revenues and promoter contracts. But ultimately Concorde came to define the sport by specifying its financial, governance, technical and sporting parameters.
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