Champions Mercedes are not ready to sign Formula One's new 'Concorde Agreement' because it hurts them most, team boss Toto Wolff said on Friday as the sport's owners vowed to press on anyway.
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.Ferrari and McLaren have indicated they are ready to sign but Wolff told reporters at the 70th Anniversary Grand Prix that Mercedes - the team of six-times world champion Lewis Hamilton - had issues to resolve.
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
F1 champions Mercedes confirm Bottas for 2021Valtteri Bottas will continue to race for Mercedes until at least the end of next season, the Formula One champions said on Thursday ahead of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Motor racing: Bottas signs new Mercedes deal for 2021 Formula One seasonLONDON (AFP) - Valtteri Bottas has signed a new deal with Mercedes, keeping him at the Formula One team until the end of the 2021 season.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
'People starving, without jobs': Hamilton wants contract talks in perspectiveLewis Hamilton says he is no hurry to extend his contract with Mercedes because he feels sensitive to the effects of the coronavirus pandemic, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tourism-reliant Thailand shelves 'travel bubble' plan as Asia COVID-19 cases riseThailand has delayed plans for a 'travel bubble' agreement with select countries as new daily coronavirus cases rise in parts of Asia, putting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Football: Valencia captaincy snub hastened exit, says Man City's new Spanish recruit Ferran Torres(REUTERS) - Spanish winger Ferran Torres said Valencia's failure to hand him the captain's armband and make him one of their highest-paid players were key factors in his decision to join Manchester City.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Chicago says students will stay home, New York erects COVID-19 checkpointsNEW YORK: Chicago will teach online only when school resumes in September, the mayor said on Wednesday (Aug 5), and New York City announced ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »