F1 team Red Bull will pay a 10,000 British pound (US $16,000) bonus to every staff member, after winning the drivers’ and constructors’ championships for a third consecutive time in ...
Read More »Tag Archives: Concorde Agreement
Non-members attend FOTA meeting at Suzuka
Political allies Ferrari and Sauber returned to a FOTA meeting on Sunday, despite no longer being official members of the F1 teams association. With the notable exception of Red Bull ...
Read More »Mercedes signs Hamilton, Concorde, Lauda, not Schumacher
Mercedes finally ended the ‘Lewis Hamilton saga’ on Friday by announcing the 2008 world champion has signed a three-year deal to race for the German carmaker’s F1 team. The media ...
Read More »Sauber slams ‘Friday parc ferme’ proposal
Sauber has rejected claims that expanding F1’s ‘parc ferme’ rule could drive down costs. Germany’s Auto Motor und Sport reports that one cost-cutting suggestion from a top team is that ...
Read More »Ecclestone to push calendar beyond 20 races
The new Concorde Agreement will allow Bernie Ecclestone to expand F1’s race calendar. The current deal provides for 17 races, with only separate agreements with the teams pushing the existing ...
Read More »F1 warns shareholders about Ecclestone
Formula one is formally warning potential shareholders that a key to the sport’s health is 81-year-old Bernie Ecclestone. Pre-marketing for F1’s high profile Singapore floatation has begun, and a prospectus ...
Read More »Bahrain could get director on F1 board – report
Bahrain, the controversial island Kingdom, could have been central to McLaren’s decision to agree the terms of the next Concorde Agreement. Bahrain’s ruling family, through its investment arm Mumtalakat Holdings, ...
Read More »Paddock abuzz with Concorde intrigue
As ever in the high-intrigue world of formula one politics, what is not said always has more value that what is freedly revealed. That is doubly true if the shrewd ...
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