Wow. Seems incredibly convoluted. What does “Formula 1 can veto the new teams, but it cannot block them” mean? This is the first time I’ve heard of the Concorde Agreement, too. Seems wild to me that a new entrant wouldn’t be eligible for prize money unless Liberty says ok. Between the 3 heads of FIA, F1, and Liberty (plus teams trying to throw their weight around), it’s a wonder anything changes.
Wow. Seems incredibly convoluted. What does “Formula 1 can veto the new teams, but it cannot block them” mean? This is the first time I’ve heard of the Concorde Agreement, too. Seems wild to me that a new entrant wouldn’t be eligible for prize money unless Liberty says ok. Between the 3 heads of FIA, F1, and Liberty (plus teams trying to throw their weight around), it’s a wonder anything changes.