Showing posts with label Singapore Stock Exchange. Show all posts
Showing posts with label Singapore Stock Exchange. Show all posts

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."