FOTA appoints corporate group to assist with Concorde negotiations

The Formula One Teams' Association (FOTA) is hoping that it will be able to approach the looming Concorde Agreement negotiations from a stronger position following the appointment of corporate group DC Advisory Partners to help guide it

FOTA appoints corporate group to assist with Concorde negotiations

With talks to frame the last Concorde Agreement in 2009 nearly collapsing as teams came close to forming a breakaway, it is expected that sorting out the next document that binds the teams, the FIA and Formula 1's commercial rights holder together will be just as fraught.

As a result, FOTA has appointed DC Advisory Partners and IMG (International Management Group) to help provide the teams with a better insight into what they should be pushing for to help benefit their cause from 2013.

FOTA chairman Martin Whitmarsh told AUTOSPORT: "We've appointed DC Advisory and IMG, and basically we're just saying 'let's now come together and be a little bit more coherent as a group of teams'.

"I think we should just be professional enough, rather than [just] saying what we could do here, or what we could do in the media. I'm not the expert; I'm an engineer who likes racing cars. That's what I am, and I can handle being a team principal.

"Most of us are racers, more than businessmen - and some of us think we're better businessmen than others - but nonetheless we are racers. So I think our view is ' let's see if we can construct some alternative business models'.

"It is so that we're able to say, with a bit of luck, 'here is some expert advice and a view about what we can do to actually make this sport bigger and better than it is today'. And that's what we're trying to do."

Although some have viewed the appointment of DC Advisory Partners as the first step of a move by teams to takeover the sport, Whitmarsh insists that the motivating factor is simply in trying to find ways to improve the sport.

"It's not an aggressive manoeuvre, it's not trying to do anything secretly, I'm not trying to conceal it," he said.

"These things leak out, such is the sport. But it's a piece of work that we've undertaken so that we can see together. We'll review it in about eight weeks' time, all of the teams...and from that we'll decide what we want to share with our partners. Then we will take a view and make some recommendations as to how we think the sport should go forward."

shares
comments
HRT closing in on deal with experienced designer Jorg Zander
Previous article

HRT closing in on deal with experienced designer Jorg Zander

Next article

Fernando Alonso believes he can prevent Sebastian Vettel taking title in Singapore

Fernando Alonso believes he can prevent Sebastian Vettel taking title in Singapore
Load comments
The “glorified taxi” driver central to F1’s continued safety push Plus

The “glorified taxi” driver central to F1’s continued safety push

As the driver of Formula 1’s medical car, Alan van der Merwe’s job is to wait – and hope his skills aren’t needed. JAMES NEWBOLD hears from F1’s lesser-known stalwarts

Formula 1
Jan 15, 2022
When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push Plus

When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push

There was an ace up the sleeve during the 1983 F1 title-winning season of Nelson Piquet and Brabham. It made a frontrunning car invincible for the last three races to see off Renault's Alain Prost and secure the combination's second world title in three years

Formula 1
Jan 13, 2022
How “abysmal” reliability blunted Brabham’s first winner Plus

How “abysmal” reliability blunted Brabham’s first winner

Brabham’s first world championship race-winning car was held back by unreliable Climax engines – or so its creators believed, as STUART CODLING explains

Formula 1
Jan 10, 2022
The steps Norris took to reach a new level in F1 2021 Plus

The steps Norris took to reach a new level in F1 2021

Lando Norris came of age as a grand prix driver in 2021. McLaren’s young ace is no longer an apprentice or a quietly capable number two – he’s proved himself a potential winner in the top flight and, as STUART CODLING finds out, he’s ready to stake his claim to greatness…

Formula 1
Jan 9, 2022
The original F1 maestro who set the bar for Schumacher and Hamilton Plus

The original F1 maestro who set the bar for Schumacher and Hamilton

Juan Manuel Fangio, peerless on track and charming off it, established the gold standard of grand prix greatness. NIGEL ROEBUCK recalls a remarkable champion

Formula 1
Jan 8, 2022
How Russell sees his place in the Mercedes-Hamilton F1 superteam Plus

How Russell sees his place in the Mercedes-Hamilton F1 superteam

George Russell joining Lewis Hamilton at Mercedes this year gives it arguably the best line-up in Formula 1 – if it can avoid too many fireworks. After serving his apprenticeship at Williams, Russell is the man that Mercedes team believes can lead it in the post-Hamilton era, but how will he fare against the seven-time champion? Autosport heard from the man himself

Formula 1
Jan 6, 2022
How F1 pulled off its second pandemic season and its 2022 implications Plus

How F1 pulled off its second pandemic season and its 2022 implications

OPINION: The Formula 1 season just gone was the second to be completed under the dreaded shadow of the COVID-19 pandemic, but in many ways it was much more ‘normal’ than 2020. Here’s the story of how the championship’s various organisers delivered a second challenging campaign, which offers a glimpse at what may be different next time around

Formula 1
Jan 5, 2022
The adapt or die mentality that will shape F1's future Plus

The adapt or die mentality that will shape F1's future

As attitudes towards the motor car and what powers it change, Formula 1 must adapt its offering. MARK GALLAGHER ponders the end of fossil fuels

Formula 1
Jan 3, 2022