Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Mercedes agreed to some compromises in new Concorde Agreement

by Fergal Walsh
5 years ago
A A
0
Mercedes agreed to some compromises in new Concorde Agreement
Share on FacebookShare on Twitter

Mercedes signed up to Formula 1’s new Concorde Agreement while accepting some compromises, says its team principal Toto Wolff.

Last week, F1 announced that all ten teams had signed up to the agreement, which covers 2021 to 2025.

New technical regulations are set to come into play in 2022, after a budget cap of $145 million is introduced next year – all aimed at making the field more competitive.

Before all teams had signed up, Mercedes announced that it was not yet ready to put pen to paper over the agreement, as it was unhappy with certain aspects of the deal.

RelatedPosts

Kimi Antonelli is willing to partner Max Verstappen at Mercedes

Kimi Antonelli open to partnering Max Verstappen at Mercedes

42 minutes ago
Pietro Fittipaldi (BRA) Haas VF-23 Reserve Driver. 28.11.2023. Formula 1 Testing, Yas Marina Circuit, Abu Dhabi, Tuesday

Haas to hand Toyota-backed driver maiden F1 test at Fuji

1 hour ago

However, Wolff says the Mercedes negotiated with F1’s commercial rights holders Liberty Media to get the best possible solution, which included compromises for the team.

“Look, it is a negotiation at the end of the day,” Wolff said. “I have great respect for Chase Carey and the complications in dealing with all the stakeholders, everybody will have a different agenda and different objectives.

“On the other side, why I was vocal was that I felt that Mercedes’ role, particularly in the last seven years, wasn’t maybe recognised in the way I would have wished for in terms of the financial split.

“But on the other side, I think he tried hard to create a better show, to balance the prize fund distribution better, and I think he achieved it.

“Obviously I would have wished a better situation for Mercedes but it is what it is. In the final part of the negotiations we agreed on some compromises that found its way into the agreement, and it’s like with every negotiation, at the end of the day if both stand up from the table and are not quite satisfied it’s probably a good outcome.”

Wolff admits that Mercedes could have achieved more from the new agreement, but understands that the current outcome may help teams work together going forward.

“I think we are all having the feeling that maybe we could have achieved more,” he said. “But that is maybe an outcome that is good for working together in the future.

“If one party stands up and says, ‘I just got the best deal’, the other one will feel aggrieved.”

Tags: F1MercedesWolff
Share199Tweet125Share

Related Posts

Kimi Antonelli is willing to partner Max Verstappen at Mercedes
Formula 1

Kimi Antonelli open to partnering Max Verstappen at Mercedes

42 minutes ago
Pietro Fittipaldi (BRA) Haas VF-23 Reserve Driver. 28.11.2023. Formula 1 Testing, Yas Marina Circuit, Abu Dhabi, Tuesday
Formula 1

Haas to hand Toyota-backed driver maiden F1 test at Fuji

1 hour ago
Valtteri Bottas (FIN) Mercedes AMG F1 Reserve Driver. 26.06.2025. Formula 1 World Championship, Rd 11, Austrian Grand Prix, Spielberg, Austria, Preparation Day
Formula 1

Mercedes to ‘stay in the background’ as Alpine ponders Valtteri Bottas move

2 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Upcoming Races

#EventDate
13Belgian GP25-27 July
14Hungarian GP01-03 August
15Dutch GP29-31 August
16Italian GP05-07 September
17Azerbaijan GP19-21 September

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri234
Lando Norris226
Max Verstappen165
George Russell147
Charles Leclerc120
Lewis Hamilton103
Andrea Kimi Antonelli63
Alexander Albon44
Nico Hulkenberg37
Isack Hadjar28

Click here for full Drivers’ Standings

Latest Articles

Kimi Antonelli is willing to partner Max Verstappen at Mercedes
Formula 1

Kimi Antonelli open to partnering Max Verstappen at Mercedes

July 14, 2025
Pietro Fittipaldi (BRA) Haas VF-23 Reserve Driver. 28.11.2023. Formula 1 Testing, Yas Marina Circuit, Abu Dhabi, Tuesday
Formula 1

Haas to hand Toyota-backed driver maiden F1 test at Fuji

July 14, 2025
Valtteri Bottas (FIN) Mercedes AMG F1 Reserve Driver. 26.06.2025. Formula 1 World Championship, Rd 11, Austrian Grand Prix, Spielberg, Austria, Preparation Day
Formula 1

Mercedes to ‘stay in the background’ as Alpine ponders Valtteri Bottas move

July 14, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd