By: Chris Medland | 4 hours ago
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Ferrari aggregation arch Maurizio Arrivabene says new aggregation bartering agreements should not be rushed through admitting accepting alone two years remaining.
The bartering agreements amid the teams, FIA and Formula 1 — accepted as the Concorde Agreement — are due to expire at the end of 2020, acceptation abutting year is the penultimate division best teams will run beneath such terms. With F1 owners Liberty Media agog for a above check of regulations in 2021 as able-bodied as absent to change the administration of revenues and acquaint a bulk cap, the abutting agreements are apparent as acutely circuitous and Arrivabene says all parties should booty their time in award a solution.
“The time, it’s absolutely tight, you apperceive bigger than me,” Arrivabene said. “So we charge to move bound – but in the concurrently we charge to abstain any move that could accident our company. I’m talking about Ferrari as I anticipate my colleagues, they are talking about the aggregation that they are representing.
“So, the time is absolutely bound – but we don’t accept any bustle to move advanced and maybe to actualize a mess. Talking about article that is in advanced of us now: We accept regulations for abutting year, they were declared to accord added achievability to the overtaking, at the moment the aboriginal acknowledgment that I got from our drivers is that best apparently that cold is not achieved.
“The aftereffect is that we are spending a huge bulk of money abutting year to change our car, again we charge additionally to sit calm and to accept how could be the bearings for the agent bulk for 2021 and maybe cerebration about that – because we are continuously talking about a bulk cap but at the moment, I’m seeing costs that are accretion instead of decreasing.
“So, we charge to stop a bit and, instead of rushing, we charge to anticipate about what we are accomplishing now, because what we are accomplishing now, it could potentially access approaching decisions.”
The accepted agreements were alone active during the summer of 2013, admitting the antecedent agreements accepting asleep at the end of the 2012 season.
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