Concorde Agreement set for completion

By on Saturday, July 27, 2013

FIAThe long awaited Concorde Agreement is set to be signed over the summer break.

The previous agreement expired at the end of 2012 and was not completed in time for 2013.

"The Formula 1 Group and the FIA have signed an agreement setting out the framework for implementation of the 2013 Concorde Agreement," read an FIA statement released on Saturday morning.

"This agreement will come into force upon approval by the respective governing bodies of the signatory parties in the coming weeks."

"Further information on this agreement will be available after receipt of such approval."

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