Ferrari have made it clear they want to retain their veto right when Formula 1's new contacts come into force in 2021. Ferrari, Formula 1's oldest team, was granted a veto right around 1980 when the first Concorde Agreement was signed. The veto, negotiated by Enzo Ferrari, was last used as recently as 2015 when Ferrari blocked changes to the engine regulations which would have resulted in a price drop. The Scuderia, though, now face the loss of that veto right with Liberty Media keen to put the teams on equal footing come the 2021 Concorde Agreement. Ferrari are set to fight for their right. 'Certainly the veto right is something important for Ferrari but I believe it’s something...
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