Report
The president of the Federation Internationale de l’Automobile (FIA), Jean Todt, has reportedly declined an early renegotiation of the Formula One agreement. This news comes from an Associated Press (AP) report, which states that Todt has decided against reopening the agreement, which is set to expire in 2020.
The agreement between the FIA and Formula One Management (FOM) was signed in 2013 and is set to expire in 2020. It is a long-term agreement that outlines the rules and regulations for the sport, as well as the commercial rights of the teams and the sport itself.
According to the AP report, Todt has declined to open negotiations on the agreement early, citing the need to focus on the current season. He believes that any changes to the agreement should be discussed at a later date, when the teams and FOM are better prepared to discuss them.
The decision to decline early renegotiation of the agreement has been met with mixed reactions from the teams. Some teams feel that it is important to renegotiate the agreement now in order to ensure that the sport remains competitive and fair. Other teams feel that it is better to wait until closer to 2020 to make any changes, as this will allow more time for teams to prepare for any potential changes.
Regardless of the reaction from teams, Todt’s decision not to renegotiate the agreement early is a wise one. It allows teams to focus on the current season and gives FOM and the FIA more time to prepare for any potential changes. This decision also ensures that any changes made to the agreement are done in an orderly and fair manner.
Overall, Todt’s decision not to renegotiate the agreement early is a wise one. It allows teams to focus on the current season and gives FOM and the FIA more time to prepare for any potential changes. This decision also ensures that any changes made to the agreement are done in an orderly and fair manner.
