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Carey: Goal is to create long-term partnerships with teams
Formula 1 chief Chase Carey is determined to negotiate a fairer and more transparent distribution of wealth system than currently exists with the Concorde Agreement, with the goal of establishing long term partnerships that benefit all teams equally. Carey told media, 'We have the infamous document called the Concorde Agreement. Which is this agreement that comes up every six to eight years – it comes up in 2020 – which defines the financial arrangements with teams.' 'I think our goal is to create much more of a long-term partnership, not a partnership that sort has a point in time that you go out and renegotiate the next eight-year partnership, that there's a continuum.' The current...
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9y ago from GrandPrix247.com
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