Aug.21 - Ferrari is "very satisfied" with the terms of its deal with Formula 1 under the newly-signed 2021-2025 Concorde Agreement.

Earlier, it was believed Mercedes' unwillingness to sign was because it felt the more attractive terms offered to Ferrari were unfair.

"All the teams have also signed," noted Ferrari team boss Mattia Binotto, "so that shows that we are all positive about the future of the sport."

However, Italian sources report that, as well as the superior financial terms, Ferrari has also retained its controversial and unique rules 'veto'.

"We got what we wanted to get out of it," Binotto, referring to Ferrari's deal, told Sky Italia.

"That was important to us, because we have meant a lot to the history of Formula 1.

"You can always try to get more and you can always get less in the end, but this is an important result. So we are very satisfied," the Italian added.


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2 F1 Fan comments on “Binotto: Ferrari 'very satisfied' with Concorde terms

  1. andy cox

    I wish Formula One was the racing ideal that I imaged in the '50's, but with such differences in manufacturers' budgets, it can never be equal teams, competitive drivers or cars

    Reply
  2. Richard

    As always Ferrari gets their own way F1, Liberty Media & the FIA (ferrari international assistance) are all biased towards Ferrari. Its high time they fell in line with all the other teams & this favoritism. stopped.It does nothing to create a so-called level playing field. With all the new rules coming in now would have be a good time to put a stop to it.

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