Concorde: an MOU is agreed

The Formula One Group and the FIA have signed an agreement setting out the framework for implementation of the 2013 Concorde Agreement. This agreement will come into force upon approval by the respective governing bodies of the signatory parties in the coming weeks.

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

9 thoughts on “Concorde: an MOU is agreed

  1. What an extraordinary thing this is for the FIA to do at this time, with the Bavarian prosecution pending. In legalese, by doing so, they have in effect “affirmed” the continuing validity of the 100 year contract and should they decide at a later point to declare this null and void, due to malfeasance of one of the parties, they would have considerably weakened their case. Is this a pre-emptive strike by Jean Todt against David Ward?

    Wilson

    1. It’s no problem if they affirmed a contract which says it can be ended in case of a criminal ruling.

      1. I am afraid I disagree. If you affirm a contract, which you may later intend to repudiate, while a prosecution is pending, it could be argued by the defending party that you gave little import to the prosecution. The only way past this would be to specifically reserve your rights in the affirmation, should the prosecution result in a conviction. Of course such a reservation may be in the heads of agreement for the new Concorde agreement but we are unlikely to find out. Even Joe might struggle to ascertain this, as it is probably only in the documents between the FIA and FIG, not in those signed by the teams.

        Wilson

  2. JA says that Bernie was apparently keen to get control of all press and media accreditation. This obviously has several connotations.

    Presumably Todt went ahead with this before the trial, because the election will come first and he wishes to be seen as doing something. But I think I would have waited until the trial date was known (maybe it is) and Bernie was under time pressure. But then Bernie always thinks ten moves sideways and ahead and must have had it covered three ways.

    If the FIA really have given up control of all press and media accreditation it is a step towards dictatorship. Reporting could get very muddy.

  3. Interesting timing is pretty much an understatement, given the potential or possible legal action in Germany, and one could say the election coming up.
    As this agreement is between FOM and FIA, then one wonders why didn’t they wait until the German legal system had made some sort of ruling, as it could, maybe in theory, strengthen their hand. But then I forgot, that is about Bernie, not FOM, which is CVC, and The Bernard is only a “Simple” employee of FOM.

    On a side note, it appears Joe, that your “mate” – at Pitpass has had another go at you, with his new release – version on the tax affairs of F1. Looks like he is trying to dig himself out of a hole. I did notice too that a few other UK newspapers had picked up on the story, and then did their own “edit” – spin on it to suit their readership, which made the whole thing a joke.

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