Formula One’s strife could be nearing an end after FIA said Friday the document that governs the sport could be signed by next week.
F1’s governing body said its World Motor Sports Council had received the new Concorde Agreement, which would come into effect “on receipt of confirmation that a satisfactory cost-reduction agreement is in place.â€
All 13 teams registered for next season’s championship negotiated the document, FIA said in the statement.
“I think that we are very, very close to reaching a solution,†Ferrari team principal Stefano Domenicali said. “As always with such a complexity, the closer you get to the goal the more everyone is trying to squeeze or to find different things around it. But I am optimistic that … Details