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Toto Wolff

Wolff hints at talks over F1 governance changes

Teams, FOM and the FIA will need to agree on the parameters of the new Concorde Agreement by the end of next season.

Wolff Bahrein
Article
To news overview © XPBimages

Mercedes Team Principal Toto Wolff has confirmed the governance of F1 is being looked as part of the new Concorde Agreement.

The existing agreement has entered its final two years of its cycle before all 10 teams, FOM and the FIA have to put pen to paper for the new deal to be complete.

There is strangely little conflict between the teams when it comes to the major foundations which should lead to much simpler negotiations than in years gone by.

But there have been concerns over the governance of the sport with apparent rifts between FOM and the FIA, highlighted by the Andretti entry saga over the past 12 months.

Asked whether a new deal was close, Wolff told media including RacingNews365: "There are some good pillars in place.

"There are commercial negotiations that are going to happen, but it is not going to be like turning the whole thing upside down.

"We recognise what Liberty has done for the sport and Stefano is doing a very good job,

"So I think from the fundamentals, we are in a solid place. What we are looking at is a governance topic - what is the best way of getting to decisions in the future for the benefit of the sport.

"That is something we are discussing."

A good base

Echoing Wolff's comments, Fred Vasseur, who sits on the FIA's World Motor Sport Council as Team Principal of Ferrari, added: "We are not in a rush, we still have two years to go.

"The actual Concorde Agreement is a good base and you can always fight for a better deal and everybody will push on their own directions for sure.

"It is a good base and it will be quite an easy one to renew and to discuss."

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