Formula 1’s new Concorde Agreement has been “put on the backburner” due to the coronavirus crisis, and may not be completed in time for the 2021 season. The current Concorde Agreement – the contract between the FIA, Formula 1 and teams that governs certain matters – expires at the end of the calendar year. Formula 1 has previously competed without a Concorde Agreement, most recently in the opening half of the 2013 campaign, before the current 2013-20 contract was wrapped up that July. ADVERTISEMENT “We had been in the final stages of Concorde Agreement when the virus turned everything on its head,” said Formula 1 CEO Chase Carey. Related Posts Races without fans will...
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