Showing posts with label Concorde agreement. Show all posts
Showing posts with label Concorde agreement. Show all posts

Thursday, May 10, 2012

Formula 1 Needs Mercedes

In our previous article "Formula 1 Politics Mercedes to Quit?" we had detailed the machinations of the Grand Old man of Formula 1 Bernie Ecclestone. http://www.arjunaubacha.blogspot.in/2012/05/formula-1-politics-mercedes-to-quit.html

Mercedes a much bigger name than Red Bull and McLaren. Keeping it out of the board is something which will definitely not be agreeable to Mercedes. Neither will it be seen in good light by the millions of its followers. The dispute continues to remain unresolved. Earlier Mercedes was quick to state that it is not pulling out. However, the battle is going to be murkier.

Monday, May 7, 2012

Formula 1 Politics: Mercedes to Quit?

Formula 1 and Politics are two sides of a coin and are inseparable. This feeling is being reinforced every other day.

The latest political battlefield in F1 is around the new concorde agreement. 

In March Bernie Ecclestone had announced that he had concluded an agreement with a majority of the Formula One teams over a new Concorde Agreement. The existing concorde agreement is bound to get over by the end of this year. He had announced via a statement "I am pleased to announce that we have reached commercial agreements with the majority of the current Formula One teams, including Ferrari, McLaren and Red Bull racing about the terms one which they will continue competing in Formula One after the current concorde agreement expires at the end of this year."