Concorde Agreement Signed: Peace at last?

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It a very matter-of-fact type of press release, the FIA has announced the signing of the 2009 Concorde Agreement. Unique because lately the FIA President’s press releases have been steeped with bravado, lectures and innuendos. This latest one, however, seems almost sorrowful in tone.

Following approval by the World Motor Sport Council, late last night FIA President Max Mosley signed the 2009 Concorde Agreement, heralding a renewed period of stability for the FIA Formula One World Championship.

The Concorde Agreement – a contract between the FIA, F1’s Commercial Rights-Holder and the participating Teams – sets out the basis on which the Teams participate in the Championship and share in its commercial success.

The WMSC has also approved a slightly revised set of stable Sporting and Technical Regulations (to apply from the 2010 Championship onwards), which have been agreed by the FIA and the Teams and which will be published shortly on the FIA’s website.

The new Concorde Agreement, which runs until 31 December 2012, provides for a continuation of the procedures in the 1998 Concorde Agreement, with decisions taken by working groups and commissions, upon which all teams have voting rights, before going to the WMSC for ratification.

In addition, as agreed in Paris on 24 June 2009, the Teams have entered into a resource restriction agreement, which aims to return expenditure to the levels that prevailed in the early 1990s.

With the 2009 Concorde Agreement and the resource restriction agreement in place, the FIA looks forward to a period of stability and prosperity in the FIA Formula One World Championship.

It’s all very generic and only slightly informative but the gist is, Mosley stayed up very late working his fingers to the bone to get this document signed and now it has been. For a governing body to not at least try to put a positive spin on the event is a bit odd. Oh sure, you have the obligatory “FIA looks forward to a period of…” but knowing the source, that’s hardly believable.

Also, I find it interesting that he refers to the cost-cutting as being agreed to on June 24. For some reason I was thinking that Mosley did not agree to or like the teams “resource restriction” plan in June. I’m probably wrong on that but irrespective, Mosley has worked his little self in to a frenzy and finally given all of us what we wanted…a Concorde Agreement. Amended 2010 technical regulations are to follow.

Thank heavens for Max Mosley…the Guardian of the sport.


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