Starting grid, Silverstone, 2013

FIA and FOM agree Concorde deal

2013 F1 seasonPosted on | Author Keith Collantine

Starting grid, Silverstone, 2013Formula One’s governing body the FIA and commercial rights holder FOM have agreed terms for a new Concorde Agreement.

The previous version of the deal, which sets down how the sport is run, expired at the end of last season.

“The Formula One Group and the FIA have signed an agreement setting out the framework for implementation of the 2013 Concorde Agreement,” said the FIA in a statement today.

“This agreement will come into force upon approval by the respective governing bodies of the signatory parties in the coming weeks,” it continued.

“Further information on this agreement will be available after receipt of such approval.”

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