Concorde Agreement moves forward

In a press release today the FIA and the Formula 1 Group have signed an agreement to move forward with a new Concorde Agreement for the sport.

The FIA released the following statement:

Joint press release from the Formula 1 Group and the FIA

27.07.2013

The Formula 1 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.

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