Pirelli has been confirmed as the sole tyre supplier for the 2014 Formula 1 season, but its future after that remains unknown.
During a meeting of the World Motor Sport Council on Friday, it was agreed that a new tender process would introduced, but this process comes too late for next season, therefore Pirelli “may continue” according to a statement.
“In this new [tender] process, the FIA will be confirmed as the body in charge of conducting the tender process,” it read. “The Commercial Rights Holder will be entitled to run the commercial negotiations with potential suppliers, with a view to the selected single supplier being officially appointed by the WMSC.
“In order to cover the transition period and considering the contracts already settled by FOM and the Teams with Pirelli, the WMSC today confirmed that Pirelli may continue to supply tyres to competitors in the FIA F1 World Championship, subject to the requisite technical and safety standards of the FIA being met.”
The decision doesn’t confirm Pirelli’s future after 2014 and it’s believed, despite having agreed a five-year contract with Formula One Management and the teams, it will have to enter the tender process to continue.
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