At a meeting in Paris on Monday, all parties involved in the Concorde Agreement negotiations met to clarify outstanding matters in which the FIA described as a “fruitful and helpful debate.”
It is believed the teams are all onboard with the revised agreement, leaving the governing body and the commercial rights holder, FOM, to settle their sides of the contract.
A statement released on Monday confirms that a final agreement is expected in the coming weeks as negotiations draw to a close.
“During a constructive meeting, Jean Todt, the FIA President, in co-operation with Bernie Ecclestone, the Commercial Rights Holder, has presented to all F1 Team Principals the new structure of governance, including the new conditions of entry for the Concorde Agreement, starting in 2013,” it read.
“All the participants in the meeting were encouraged to seek clarification which resulted in a fruitful and helpful debate on how the new structure would operate in 2013 and beyond.
“A further important step has been achieved today to secure the future of the F1 World Championship which should lead to a final settlement to be reached between the FIA, the Commercial Rights Holder and the Teams in the coming weeks.”
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