The deal which oversees the running of Formula One has been agreed between the governing body FIA, FOM and the teams. The new deal will allow the sport though a new stable governance which involves ALL parties that involve in the sport
FIA President Jean Todt said: “We can be proud of this agreement, which establishes a more effective framework for the governance of the FIA Formula One World Championship. The FIA looks forward to continuing to fulfill its historic role as the guarantor of both regulation and safety in F1 for many years to come.”
Bernie Ecclestone, CEO of the Formula 1 Group, added: “I am very pleased that the agreement between the FIA and the Formula 1 Group has been concluded”.
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