FIA president Jean Todt is adamant that the organisation he presides over must negotiate the final say on F1 regulations under the next Concorde Agreement in 2020.
The current commercial agreements that divide revenue within the sport and determine the division of power are due to expire in 2020, and Todt aims to have a say.
Speaking at the FIA Sport Conference in Turin, “It will be the renegotiation of the Concorde Agreement, with the strong issue of the governance.”
Todt’s vision would see the FIA work closely with teams and Formula 1’s commercial rights holder – Formula One Administration managed by Bernie Ecclestone’s FOM – but ultimately have the final say on rule changes.
He explained, “If you want to have the participation of teams, of manufacturers, they must support what you are doing. Very often, manufacturers are involved because they feel it is a strong marketing tool, a strong laboratory for them. So for me, it’s essential you listen to them. It’s a way of leadership.
“For me, I always like to hear what people think and not only manufacturers, but fans, journalists but at the end of the day, I think we should have much more autonomy to make the final decisions.”
“We will have discussions, and I think it’s very important you have bodies who are participating to influence, but at the end of the day it has to be the governing body who is making the decision, but with the very strong support of the promoter, because the promoter has the responsibility to sell the show.”
“So it would be very unfair to say we are going to dictate that and then you sell the show.”
Meanwhile, Todt has yet to decide if he will stand for a third term as FIA president beyond 2017.
Read the full story at GRAND PRIX 247
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