BERLIN - Ferrari are ready to sign a new Concorde Agreement
from 2021 onwards, the contract between the ruling body FIA, the
teams and Formula One owners on how the sport is conducted.
Team principal Mattia Binotto said at the Hungarian Grand Prix
weekend that "as far as Ferrari, we are ready to sign.
"We would like to sign it even quite soon. I think that's important
for the future. For clarity. At least we can all know where we are,"
he said.
"We are as well somehow happy because we know that F1 has understood
the importance of the role of Ferrari within F1. And for us that was
key."
The Scuderia is the most famous F1 team and the only one to have
competed in every season in the sport, with their 1,000th grand prix
set for September.
Up to now Ferrari got extra payments because of their history and
status but they are likely to suffer cuts as F1 owners want are more
even distribution of funds to raise competitiveness.
The current Concorde agreement, which also makes participation in F1
mandatory, expires after the 2020 season.