Perhaps 2020 is going to be remembered as a immobile year. Everything is slowing down and a big amount of events, both personal and public are suspended until the next year. It seems that this situation got transferred to Formula 1 as well. After the dispute between Racing Point and Ferrari (mainly), -the latter accused the former to have copied the last season’s Mercedes car- this motionless vibe froze the decision to sign the Concorde Agreement.
McLaren Racing confirms that it has become a signatory to the new Concorde agreement that will govern the sport through 2025, in doing so reaffirming the team’s long-term commitment to Formula 1. 🤝— McLaren (@McLarenF1) August 18, 2020
McLaren stops this trend though, as the Woking-based team is the first to sign the Concorde agreement which confirms its being into the sport until 2025.
“Formula 1 has taken another important stride on the road to a sustainable, strong future with the new agreement- stated McLaren Racing CEO Zak Brown -This is the right deal at the right time for the sport, its owners, its teams and, most of all, the fans.”
The terms have secretly been discussed between the parts, but the British team sees this move as a prove of the commitment of McLaren in Formula 1 until 2025- at least.
“A more equitable sport is better for everyone: greater balance in the sharing of revenues among all the teams and clearer, simpler governance that cuts through vested interests and puts the sport first. This agreement will only make the F1 constructors collectively stronger in the long term.
The new agreement complements and builds on the great work of F1, the FIA and all the teams during the past few months on the future financial, technical and sporting regulations.- Brown continues- Everyone has had to give ground for the bigger outcome, which will be a more competitive, exciting and thriving Formula 1 for future generations, which in turn secures a healthy sport for both participants and fans alike.”