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Ecclestone gives £75m F1 stake to the FIA
Back in September the FIA announced that 'the framework for implementation of the Concorde Agreement for the period 2013 - 2020, has now come into force.' In a nutshell, the FIA had come to an agreement with F1's boss Bernie Ecclestone on new commercial terms which will be in force until the end of 2020. The Concorde Agreement is of course the contract which commits the teams to race and confirms the regulations which they will compete under. Ever since the announcement there has been speculation about the benefits the FIA will get under the new deal. The most lucrative of them has today been confirmed in an article in the Guardian by Pitpass' business editor Christian Sylt.The FIA...
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11y ago from Pitpass.com
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