Wolff says champions Mercedes are not ready to sign Formula One's new ‘Concorde Agreement’ because it hurts them most. ― Reuters pic
The commercial agreement, setting out the terms under which teams race and the share of revenues, expires at the end of this year with the new one running until 2026. “We are happy with a more equitable split of the prize fund, the way success is rewarded and possible for everybody, we agreed to,” he said.“Ferrari has maintained an advantageous position. For Red Bull it balances out with Toro Rosso . So it’s us that are hurt the most.”
Wolff said Mercedes, winners of the last six drivers' and constructors' championships had also contributed to the sport and had the driver with “clearly the most global appeal.
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