29-Jul-08: F1 Teams Come Together to Work on Concorde Agreement

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It’s the 29th July 2008, and this is F1 Minute.

Representatives of each of the F1 teams, plus Bernie Ecclestone and a colleague from CVC got together in Italy today to discuss the future of the sport. The meeting took place at the Ferrari headquarters in Maranello, and a spokesperson for Ferrari called it “extremely productive.” The most notable outcome for now, is that the teams are going to set up a new group called the Formula One Teams Association to try and sort out the Concorde Agreement with the FIA and FOM. Let’s hope they can achieve something.

The teams agreed on this new group unanimously, which should please Flavio Briatore as he has been reported as saying that things in F1 really need to change. His list of complaints include the fact that they need to have a majority rule, they need a single Director of Operations to represent all the teams, and he would like to see Max Mosley concentrating on his job instead of his personal life. Wouldn’t we all?

That’s all for today, I’ll be back tomorrow with another F1 Minute.