Formula 1 chief executive Chase Carey says the new Concorde Agreement which will bind teams to the sport from 2021 is on the verge of being concluded. The famous charter, which was introduced in 1981 and named after the FIA's Place de la Concorde headquarters in Paris, represents the legal foundation that governs the commercial arrangements between the FIA, the teams and the sport's commercial rights holder, Liberty Media. While the technical rules overhauling F1 in 2021 have been agreed, as well as the particulars associated with the introduction of a budget cap, the financial specifics linked to prize money distribution are still being reviewed by the teams. Sean Bratches steps down as...
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