A long way until new Concorde flies
It's just a few weeks since restrictions were lifted on teams negotiating with Bernie Ecclestone for a better deal from 2013 onwards, so why has there been no rush since then? Dieter Rencken analyses the reasons and predicts the possible outcome
What a difference a bit of patience can make to Formula 1 teams' fortunes - if, that is, they're prepared to play the long game. History has taught us that very few are usually prepared to do so, preferring a scrawny bird in the hand to a fatted one on the backburner.
Equally, if they wait too long they may find themselves severely jeopardised.
It is common knowledge that the current (2010-2012) Concorde Agreement, the tripartite document that sets out the respective obligations of the FIA governing body, Formula 1 commercial rights holder FOM and the 12 teams to the sport, expires on December 31 2012.
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