What is the F1 Concorde Agreement?
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- เผยแพร่เมื่อ 26 ก.ย. 2024
- There's been a lot of talk about the impending deadline for F1 teams and Liberty Media to sign and agree to the renewed Concorde Agreement, but what is it and how does it affect racing? We break it down into what you need to know.
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F1: We vote to remove Ferrari's veto power.
Ferrari: We veto that.
F1: Good ol' Ferrari strategy does it again.
Ferrari and strategy haha
Ferrari's prize money cut makes them look even more amateurish
oh and veto power. that's just shameful really.
I understand somewhat the heritage bonus they receive. Ferrari's presence in Formula 1 along with its passionate Tifosi brings alot of ticket and merchandise sales for the sport. To me, it helps Ferrari maintain their presence in F1.
It is unclear what effect it will have to Formula 1 if Ferrari finally chooses to end their F1 racing program. It's a risk the FIA and FOM is not willing to gamble on. So many teams have come and gone in Formula 1, and yet Ferrari is still here. To think that Ferrari suffered financially, they never left the sport.
Ferrari is committed to F1 the way F1 is committed to Ferrari. It is mutual.
@@FayyaazAhmed About Veto power, that's the only thing that I would definitely not agree on. This is a sport and being that, the rules apply to everyone.
@@FayyaazAhmed Ferrari has no shame. :/
@@Jojo_Bee I don't understand the heritage bonus at all to be frank. Ferrari have always been looking for ways to get more money than the other teams since F1 started. They didn't show up to the first F1 race because they were not happy with the money offered. The only difference is today we call it a "heritage" payment. If Ferrari want more money they should build a fast car that can win a championship not rely on handouts for doing nothing.
Ferrari "having been around since it's very first race in 1950" this actually isn't true. Ferrari refused to show up to the very first race at Silverstone. Allegedly reason for this is that Enzo was unhappy they wouldn't be paid more than the other teams.
kityhawk2000 lol nothing has changed
@@Pogosoke it has considering they just signed the concorde agreement
@@aguj10 You don't have to hate Ferrari to know that giving them money for just showing up is unfair. Heck, they aren't even in the game!
They didn’t show up because the first race wasn’t run for points
@@joespaniak9392 that's not true the Silverstone race was for points. It was won by Farina who scored the maximum 9 points and went on to win the Championship that year. en.wikipedia.org/wiki/1950_British_Grand_Prix
Everyone uses concorde engines to reach mach 5
They already have the droop snoot in the front of the cars
@@supinboh4399 You know what happens to the car when it doesn't score points?
The snoot droops.
@@SharikhKhan138 You know what happens when mercedes 1-2?
The views droops.
Chase Carey looks like he’s just tied a damsel to the railroad tracks
Yup he looks Badass !
To me, he looks like a fierce yet gentle Grandpa.
@@thewebheadgt Yup, a grandpa who actually made F1 interesting
This is the funniest youtube-comment I‘ve read in months. I‘m in tears.
😂 😂 😂 😂 Best comment
Ferrari voted down reverse grids this year, which ironically would've helped them out a bunch xD
Mercedes voted down not Ferrari
They have to look for long term , they know eventually they'll get up in grid. This not first time Ferrari is having terrible Car.
Let’s be honest reverse grids would of been boring, it would be let’s just watch the top 6 cars sail off into the sunset after taking a few longer laps to get past the midfield.
@@magicjack4076 What!? no? It would be the most exciting thing to ever happen to this sport.
@@Shive1337 wouldn't make much sense though cars would purposely be slower to have an advantage in reverse grid.
Ferrari: winning or losing, we are racing, it's in our blood...
@@azifazeez sometimes you win... Other times you lose... That's racing.... It's all about the passion...
@@lalngurlianasailo260 Sometimes you win, sometimes you lose 15 years straight lol
Only in f1 have i EVER heard of anyone ever being paid for passion lol regardless of success, really stupid
@@azifazeez second best ? Are you sure about that ?
@@lalngurlianasailo260 bet you'd not say that if mercedes was to get a financial advantadge like this 😉
But it prolly won't make a difference cause ferrari's currently spending as much as mercedes and red bull to be a midfield team
Love these quick to the point informational videos! Keep up the good work!
Erm, wasn't it Merc who voted down reverse grids, not Ferrari as the video says?
Everyone on planet Earth should hate the idea of reverse grids.
@@gp7066 why?
@@gp7066 I actually would like to see hamilton doing some stuff
@@garantes9257 Me to
@@gp7066 only for quali would be more interesting, no inherent reason that the fastest car must be ahead at the start and that this should be aided by chill quali
Wasn’t Mercedes against reverse grid order, because it would jeopardize Hamilton’s title push. Sky sport even I interviewed Wolf about it. Funny how that was glazed over
Reverse grid is literally the DUMBEST idea anyway? Nothing fun or cool about it
Even seb and Charles were against it lol
It is a Agreement to finish behind Mercedes
Hahahahah Funny joke
Seshvir Seodutt haha
ferrari didn't oppose the reverse grid races it was Mercedes
I just want good racing. Watching Merc on pole every week and Williams & Alfa at the back every week is not good racing.
Excuse me?!
Specify which Alpha you mean; Alpha Tauri or Alpha Romeo?
(I know what you mean and you're right. We only watch to see if Verstappen was able to fight the Mercs)
@@MMAli-rq8kd wtf do u mean? the alfa one is alfa romeo and the alpha one is alpha tauri. they're different
Some time ago it Was said mercedes vetoed reverse grids
@Ewok from Endor a.k.a _SilverArrow_xxx it isn't a democracy per say because Ferrari has. A veto power which means even if all are in favour they can simply say NO
Mercedes voted against it, it was the only team to vote against it and one other team, It was either Ferrari or RedBull.
@@ayoub.1704 Yeah... You probably saw the voting results thru TH-cam you did. Very dependable information this.
Aaron Senna Mercedes where “opposed” to reverse grids, they just publicly said they didn’t want them, but the typical F1 media of 2020 knowing they could draw clicks from the constant Mercedes and LH bashing just spat out that horseshit lie that the overlords at Mercedes where the singular power that shut down the reverse grids proposal😑😑 it was so fucking blatant I couldn’t believe it. But yea. They just flat out lied to make Mercedes look bad and everyone just forgot about that.
I thought all (or most) teams supported reverse grids, but that Mercedes insisted against it. News to me that 9 teams supported it but Ferrari vetoed (4:23).
Isn’t the term “Concorde Agreement” a bit redundant? We’re literally saying “agreement agreement.” 😝
They wanted to sound Fancy...
Agreement to agree (their Ferrari overlords)
Hail to Ferrari agreement?
the long standing team bonus is such bs ... like what the hell
Yep. Their bonus is people buy their branded shit, they don't need any extra just for being old. If anything the youngest teams should get a bonus for the first few years to help get them started.
Van.Der.Photo new teams getting bonuses, then youd have new teams coming and going every year. And the LST bonus should be cut a bit but definitively needs to exist.
@@durim187 i'd prefer it just 10-20% of their total prize money
Ilham thats to low, that is what Mclren and Williams are getting.
They just wanna pay ferrari cause there's no other way teams beat ferrari on it
Honestly, why did Mercedes keep racing (as a full factory team) since 2010 when they know that Ferrari has been receiving this heritage bonus only to complain about the "unfair" treatment now? Did I miss anything?
Perhaps it now appears to us all that the real reason Mercedes is so dominant is the amount of money they really "invested" to make the team-driver-cars they have now and was hoping to get some of that money back? Where they really expecting to get the same recognition Ferrari has in F1?
Coz when previous concorde agreement was signed they hadn't won 6 world championships(both driver and constructor). Now they have and they have leverage so i think that's the reason.
@@daniahmed But that is the actual goal of being in the sport (or any sport in particular). The goal of everyone is to win. Ferrari's case is different though. Ferrari has been in F1 through thick and thin, including repeated world economic crisis and corporate bankruptcy, and of course...
When they are winning or losing the Championship titles.
@@Jojo_Bee they've been very successful since 2014 and they think that they should get something for that. Opinions will differ on this topic but i think they should get something extra for that. Others will think they don't deserve that and that's the conflict b/w fia and merc.
@@daniahmed what about Red bull? Williams? both of those teams were also extremely successful, winning multiple constructors titles (and Williams having been in F1 since the 1970s). surely it should be Williams of all people asking for this monetary contribution?
This "budget cap" is exactly how liberty media will turn F1 into one of the most profitable purchases in history. Less prize money given from the same money pool size.
The budget cap has nothing to do with prize money, the budget cap is how much teams are allowed to spend on development. The teams at the top spend much more than they make in prize money. The amount team's are getting from prize money is not changing.
Conor Wall They’re still changing the prize money structure and undoubtedly there will be less money distributed
@@daniel6323 Not necessarily I think they're giving less money to the larger teams and more money to the others. I'm fairly sure the full prize pool is the near enough the same
2019 Ferrari: votes down reverse grid
2020 Ferrari: slow af
F1 fans: KARMA
Reverse grid is one of the most idiotic ideas someone could have
Let's appreciate that they got something right.
Is sBinalla still a requirement?
Yes
Bono my tires are dead is a requirement too
Omfg guys it's "sbinnala", get it right for once
@Lord Mahaveer Maldonado Le chair *
Simple solution, take 2/3 of the money, divide that equally between all the teams. Take the rest and assign and amount to each championship position.
No long-standing team benefits, no special veto. If they want more money, they have to do better.
BUT, the further down the order you come, the more testing time you get as well as more wind tunnel time etc.
George Russell needs to be applauded for managing a full f1 season while also narrating autosport videos
The reverse grid proposition is ludicrous in that it opens up the possibility that the WORST drivers , teams and cars would eventually hold the records for the most pole positions making a mockery of the achievements of Hamilton , Schumacher , Senna , Vettel etc. How long before it changes to reverse points ?. The winner gets 1 point and tenth gets 25 points ??. And a bonus point for all the drivers who DON'T set the fastest lap ( including DNFs ) .
Losing Mercedes wouldn't be a loss to the sport. Ferrari would be a big loss, but it'd make the racing healthier and fairer if Ferrari weren't on the grid.
doubt it would be healthier, it was the fia that made mercedes this dominant, not ferrari lol
Fabio Ferrarese I meant the loyalty bonuses and other unfair and disproportionate bungs that Ferrari get paid. Get rid of that and it'd be fairer and healthier.
Healthier, fairer, AND no big loss. ;)
@@fabioferrarese5600 nah...it was Mercedes being good little nerds, Ferrari being incompetent little rich kids, and redbull just screwing the pooch that has left Mercedes at the top.
@@countblah7099 lobbying and nerds are not synonyms
2:15 "The leading teams in the constructor's championship such as Mercedes *and Ferrari*"
Not so much the latter when you look at this season of 2020 😂
This is the only thing I hate the most in F1. Sometimes it looks like more like a game of Monopoly then a Motorsport.
I know this happen in every sports but in F1 it's little too much.
Thanks for the video.
(Re-commenting because of re-upload)
Reupload?
Yup, original had cbc, not cvc
Wasn't reverse grid for 2020 blocked by Mercedes?
Just as i was watching this. I get the notification that all the teams signed the agreement 😂
Damn that sucks
Still waiting for driver ratings from the last GP!! Please upload soon!!
that background music there😍😍😍
1:05 ohhh, it's CVC not the Canadian Broadcasting Corporation who used to own F1? Ohhh... :)
I reckon Jake drives a Boxall Astra
Toto: We are hurt the most
Me: Let me press "F" on the world's smallest keyboard
@Bilal Khalid and a coming 7th one
All teams treated exactly the same (equal revenue share regardless of history or race finishes) or F1 will continue to struggle to field competitive teams, exciting races and consequently struggle for fans and revenue.
One of the first rules in any sport wanting to generate revenue (sponsorship, TV, ticket sales) is it is best to have as much as parity as possible so there is a spring in the step of all the fans headed to the race in anticipation of all the possible outcomes. There is little excitement in fans headed to the track knowing their team needs some farcical intervention like rain or tire degredation to have even the slightest hope.
Fans are far more likely to tune in when there is a reaonable expectation of their team having some success - this isn't to be confused with winning.
Consider football. The more likely a team can achieve at least a 500 record the more fan interest there is. I speak from experience as a former executive in pro sport.
oh yeah, we'll be seeing a lot of midfield action if coming in one position or other would be EXACTLY THE SAME
Im not sure fia will deal with teams buying engines from others, but if merc is supplying great engines to others then fia should recognize that as contribution and a bonus should be rewarded imo
Wouldn’t that make it more boring no incentive to fight for the lead of you get the same revenue as doing nothing and getting 10th
The suggestion that equity in revenue distribution would somehow take away competition ignores the innate competitiveness of sport. If prize money was the only thing that motivates athletes/teams, amateur sport would all end in a draw.
Finally a video that explains "well" this Concorde Agreement thing
and as always Ferrari gets special treatment. I m so glad they doing poorly lately
I like these explaining guides, is there one for tires and pit stops and overcut undercut (basically a video covering strategy)?
Awesome video. Unfortunately I do t think Haas will remain. The fact that they are american I would think they got get a lot of american sponsors
They dont win enough to get any sponsors at all. Also, they have shitty unmarketable drivers unlike Mclaren or even Renualt. Which dont win, but at least have one or two popular drivers.
I think with the unfair advantages Ferrari is killing the sport. Maybe Mercedes is dominating the sport but if you are not able to win a constructors championship for 12 years with all the advantages Ferrari got, you realize maybe midfield teams should be more favoured ... At least Mercedes earned its position with hard work and great engineering
The heritage bonusses is also a way for team to stayin F1 no matter what. Looks at Williams. If that is a just normal team, they will be long gone. Heritage payment sort of helping them in term of funding
so basically ferrari paying millions of dollars to red clowns?
its over with everyone signed afaik
As opposed to clowns who don't know whether they are silver or black...
They do know, though. Black until the end of this season, then back to silver... what's so complicated about that?
Isn't it Mercedez that voted against reverse grid in 2020?
Correct.
With the lack of crowds due to the COVID-19 scandal, they are STILL not allowing F1 to be shown on desktop computers Downright disgusting !!!
Liberty Media and the FIA and the others involved in F1 need to have the guts to tell Ferrari "sorry, you don't get all the special treatment anymore just because of past history". Stop giving them bonuses and big payments. Stop bowing down to them when they demand some new widget that another team has created be banned because they don't want to have to come up with something of their own to compete with it.
sorry but the team that voted against reverse grid qualifying races was mercedes not Ferrari. Please try to correct that.
what's the song in the background?
I'd like to know aswell.
@@jaschawidmer4263 I found it! haha! Theevs - Delusional
@@ljac_1314 haha. Thanks man. Great job. :)
Toto: I am the Senate
FIA: Not yet.
Binotto: *laughs in Ferrari*
Any updates or news on Future TV rights in the latest agreement ?
I believe ESPN has them for the foreseeable future in the USA
Looks like Ferrari will help the FIA investigate the engines and PU's of the other teams.
Facts have been checked
This looks like a good agreement. Certainly better for everyone than if Bernie was still in charge
Honestly I rather see driver skill take over. Make it a spec series. Maybe 1 or 2 things different that they can work on. Maybe all same engines but different chassis. Like everything involved with the chassis like suspension and brakes and such. Same engines and same aero or same chassis and engine but different aero. Or same aero and chassis and different engines. Something. Make driver skill stand out a lot more.
If you want a spec series go watch indycar formula 1 his and will always be a manufacturer series
Yourmom I never said I want a spec series. But if you want to make more level that’s really the only way. I would like to see driver skill mean more though. Max would champ this year no doubt. And Leclerc right there. Look at how much they are pulling out of those cars. I want to see them fighting for titles. And let’s face it. The car means more. George Russell’s top class talent is wasting away at Williams. I mean to play devils advocate to my own idea, it’s like if Kobe played his whole career putting up MVP number year after year and never had a team to win a title. You can compare that to Max always maximizing and then some to the car he’s driving. It’s just if people want it more competitive then you need to take away some things and make sacrifices. I feel this new concord agreement could very well work.
Can someone explain this without so many words? briefly? or summarize it a little bit? English isn't my first language, so this was a little bit hard to follow. Thanks in advance.
lmao .imagine got the most money . but behind midfield team
I mean if was getting more money to do less, i'd do it. The sad part is F1 allows it what a bunch of Simps.
@@louiscypher4186 Don't worry, Ferrari already are planning to race in IndyCar. F1 has lost 200 million viewers since 2008 and 20 million last year alone, though if Ferrari leave F1 will be dead.
@@mich722 Whilst i'd love to see the prancing horse in the Indycar series. (it could mark the return of a more international series) I don't think they'll leave F1. (especially since their F1 Bonuses will fully fund their IndyCar team)
But if that were to happen it would be worth it just to watch all the Red hatted snobs who consider anything that isn't F1 as worthless, prostrating themselves at the altar of an american motorsport.
Mercedes: we are being hurt the most.
Almost every F1 fan: good.
And this is called the "loser/hater attitude"
Lol nope
@@tomsriver2838 It's called not wanting to watch boring as fuck races.
@@michaelhansen2309 go ask the 19 other teams in the grid to up their game.
Spend the past weeks wandering how that works 😂😂 and I no am not the only one 😄😄
Net Ferrari wished they'd agreed to those reverse grids now.
It’s where all the teams agree that Concorde is the coolest plane of all time.
what will happen if a team refuses to sign?
They gone.
@@ChefofWar33 Well, there's something else as a team currently can sign for example for just 1 year instead of 4 years. (This is the rumour that Mercedes did and that angered the FIA apparently.)
This process should NOT be a negotiation with the existing teams. It should be a case of "these are the rules of the game, are you in or out?"
Good video
Heritage is one thing I respect. But Veto Vote and Heritage Money? What? Is Scud Ferrari thinking to kill off f1 as to Porsche kill off Can-Am? Is this a joke or a Out-of-season prank?
This is one of the reasons a lot of manufacturers, drivers and overall motorsport fans and journalists have shifted their focus to other things like WEC, FE and the like.
Its about time to say good bye to Ferrari's 'heritage' payment and veto. There are plenty of other forms of motor sport they can go to if they want, being in F1 should be reward enough.
And honestly, I don't think that the rest of the F1 fan base or paddock would give two stuffs if Ferrari did quit, it would level the field on team power and income.
Everyone is just hammering on Ferrari.
Reverse grid is a bad idea. And I don’t go for Mercedes. It’s who’s the best should win simple. And the money being shared properly is a brilliant idea.
Does this mean F1 won't be behind a paywall after sky's monopoly?
I guess the V-Power of Ferrari really meant Veto-Power, didn't it?
And now FIA has announced that it is done, every team has signed.
So I'm sure this will get some haters? This is how I see it,
1. if any team doesn't sign the Concorde, kick them out of F1 and promote an F2 team or bring in a new team.
2. Just because Ferrari has been here since the beginning doesn't mean they should get benefits, it should be all fair in love and racing.
3. Toto Wolfe is whinging or complaining about this agreement because he has been winning with Mercedes for 7 years (?) and he knows that winning streak will be in jeopardy with this new Concorde.
4. This entire Concorde is to make F1 more interesting and fun for the fans, more balanced for the teams, and overall better for the sport.
5. the last races have been boring cause it's always Mercedess winning or on the podium and Williams last, the usual suspect and finishing positions.
Agree with everything but 2.
As unfair as it is, it’s deserved. Never missed a season. And brought more attention and glamour to the sport than any other team has ever. During all the time, it brought more fans and more sponsorship to the sport allowing more sponsorship. If you take that away and their veto the sport will simply lose out because Ferrari will leave.
Even as a midfield team they have twice the support of mercedes.
@@daniel6323 ok, I didn't know about Ferraris commitment to the beginning of F1 and I am thankful, BUT, it has been 70 years now. F1 is the biggest motorsport category in the world. Ferrari is a huge manufacturer in the world, so the benefits they are talking about are bullshit. I doubt the sport will die if Ferrari isn't in it, they are so many manufacturers in the motorsport world who would love to have a taste of the F1 experience.
@@slowfatwombat474 Most manufactures can't afford F1. Porsche and Audi were thinking of entering before choosing FE. Porsche even developed an engine before concluding they wouldn't be competitive and the sport is unsustainable for them. Toyota and Honda both failed, although Honda's role as an engine supplier was largely successful. It's genuinely hard to find team willing to enter due to the dynamics of the sport. It is expensive and over-regulated even with the budget cap.
I like to think of the bonus as a similar reason why Ronaldo and Messi get paid more- they're icons of our sport and people want to watch them. They both raise the TV value of their respective leagues and increase attendance- Barcelona games are always full of tourists. In F1, Ferrari easily add the largest value to the TV deal and bring in the most money from merchandise and generally bring in the most fans. Ferrari could do this to any racing series. People would literally start watching the Chinese league if they bought Ronaldo or Messi.
Every team agrees on top of that.
@@daniel6323 yh I can agree with that.
On your 3rd point I'd like to expand, toto is complaining about how mercedes have been robbed off of prize money compared to red bull and Ferrari despite their contributions to f1. But from what I see, they are the second richest team with F1, and the only thing they really contributed to was making the entire hybrid era boring af, not to say it's their fault but why are they complaining despite being so dominant. When there are teams like Williams barely surviving in F1.
Toto Wolff looks like the villain in a Bond film
i love you for this video
Mclaren signed today
Nice editing @1:06. Did you fire the editor who actually took the time to copy the CBC logo into the video? That person clearly has no clue about F1 just saying...
huh? CVC owned F1 before Liberty Media through a 70% stake in Delta Topco
@@PixelTrooper The original video was pulled because it had the CBC as an owner of F1 - not a typo. Look up the Canadian Broadcasting Corporation - video even had the logo of the CBC in the segment at the 1:06 mark lol.
@@billcranston3882 aah okay
Is it me or do you want Ferrari to be banished from F1. I mean the sport is biased towards Ferrari. Something only Ferrari fans cannot except. It’s unfair and ruining the sport. Still a good sport, but I hate how Ferrari can just break the rules and not get punished
I’m a lifelong Ferrari fan and even I think that they are now just embarrassing the brand and could do with leaving F1. It has moved on without them.
I want it fair. It's just Ferrari has very strong following. Not Only in Italy but Everywhere.
It would cause more harm than good f1 would loose so much money and sponsorship
I used to be a road car fan, now I don’t see a point in any fast road car apart from showing off which people do to satisfy their ego and Ferrari builds cars which seem overpriced to me
How do redbull profit from having 2 teams (which operate independently) in regards to the budget cap? it doesnt make much sense
I think it's because even if the main RB team takes a hit on the reward money, then the junior AT team will make up for it. So instead of it being maybe 75m/25m in prizes to RB/AT, it's 60m/40m - so the team as a whole would make 100m either way.
@@2005StangMan Yah, but wouldnt they just use all that money for that specific team? They wouldnt just take all the Alpha money and use it on Red Bull.
Bryce Peters Red Bull owns Alpha Tauri. They can at any time take all their money and withdraw the team.
@@2005StangMan aah like that yh
@@ChefofWar33 It'll get sketchy with the budget caps coming up, but essentially because RB has two teams and Merc only has the one, it's a bigger benefit.
0:07 - there is no season in 20:20 and also not at 20:21.
How should that work?
Since when do metaphors get your comment deleted?
Ferrari received payments and privilege from a time when F1 needed Ferrari more than Ferrari needed F1. If there was a time to break it, it would be now. Sacrificing Ferrari (and I don't think they would leave) would open the door to other major manufacturers coming in to gain some prestige.
The thing is IT WOULDN'T.Dropping such a big manufacturer like ferrari from f1 would be a disaster for the sport.Even great manufacturers such as porche gave up on the wec lmp1 category and audi quit long before imagine being nissan for example or toyota seeing that even titans of the sport like ferrari cant afford to have an f1 team you cant it is ridiculous to say that we can sacrifise teams in the current state f1 is with teams like mclaren and williams barely hanging on the championahip and haas even thinking of leaving.
@@manosfrantzas5860 Ferrari have a long history of blocking changes that would make the sport "fairer" for the smaller teams. One of the reasons why major manufacturers are put off from joining F1 is Ferrari privilege. They would be driving with one arm tied behind their back. I'm not arguing that we should kick Ferrari, just that now is the time to reduce the unfair benefit they have.
@@OfflineSetup and they'll just leave, killing F1 in the process, because you can say what you want, but without Ferrari's name they wouldn't get half the sponsorships or the TV deals
@@Moribax85 It is interesting that by point of it being unfair was not challenged. I'm not so sure the Ferrari having the same level of importance they once had (they remain the most prestigious manufacturer in F1) , however Liberty would probably seek some assurance from other manufacturers that they would enter as Ferrari left. However I think Ferrari would not leave.
@@OfflineSetup the only reason Ferrari hasn't left yet is italian law :)
I'll explain myself: Ferrari, as a motorsport team, is huge, and by that i mean that it has more personnel and facilities than most of the rest of the grid combined, a relic of when you couldn't do most things on a PC, but needed armies of designers, engineers and workers to build a car.
Now, facilities wouldn't be a problem, just close them, or repurpose them, the problem is with personnel: the italian law forbids mass termination of contracts for restructuring. you, as a company, have either to demonstrate validity and most likely pay a ton of compensations, or reassign them to other branches of your company, and that would cause a massive surplus of workforce for Ferrari.
That's the reason why they're exploring other championships with the budget cap of the next regulations in F1, because they have to employ surplus workers somehow, and the most natural avenue is another, similar, championship, like IndyCar or the WEC.
And that's why I say that if they (the F1 organization) remove Ferrari privileges, Ferrari will most likely leave the championship: at that point just terminating everyone's contract and pay compensations would be more economically sound than continuing a championship losing money every year
Concorde means agreement? Why is it named like this please
I think "concorde" means something like "harmony," "conformity," "union." I guess there's a lot of things the teams can agree upon, but this particular agreement defines how everyone is treated and their commitment to the sport. Hence "concorde." Does this make sense?
FIA's headquarters is in Place de la Concorde in Paris, so there's the "Concorde" bit
@@DavidAguileraMoncusi no it means agreement. Corcord agreement means agreement agreement. Concorde is the french spelling of the same word. Im sure an agreement agreement is lovely and it certainly sounds like an agreement, but it's still a srupid name.
@@aditya.sagraha thank you
@@JulesBrunoJjBaggy yeah, concorde is a synonym of accord in french, but it also means what I said it means:
"Union des cœurs et des volontés, qui produit la paix ; bonne entente : Un climat de concorde sociale."
If you want to consider just one definition of the word, it's fine... but I think they're using the other meaning of the word.
So can teams simply not spend money they get from advertising?
I believe teams like Ferrari and Mercedes get around 250 million extra just from advertising space.
This is old news isn't it?? AFAIK all teams have now signed it.
I dislike Ferrari’s funding bias but also have no sympathy for Merc
ferrari damn son VETO power
Do you think Jake is real tall or is he all-legge?
At why lewis hasn't signed yet because mercedes don't no if they going to be init
As to why*, it's because*, don't know*, if they are going to*, in it*.
Jesus fucking christ.
Bloody hell! People will say anything. Last time Lewis was signing up his contract, the same points were being made. Speculation was rife as to why he hadn't signed and he said the same thing then, he was taking his time. Remember he negotiates his deals himself.
Mercedes feels their contribution to the sport isn't recognized? Well, their biggest contribution is making F1 even boring with predictable results. Because all we know that they will win this year's championship and 2021, the same as Hamilton will win 2020 and 2021. And that's boring.
Exactly, and if anyone try to do something to make the sport more balanced and fair (and more interesting for the fans), mercedes threatens to leave F1.
Honestly, maybe F1 would be better without mercedes by now.
Ferrari:
All we have to do, is show up and we get the most cash 🤔🤔
Vettel:
My car is shit and it makes me look shit, my career with multiple world titles is now on the rocks.
Uhm I thought Mercedes vetoed the reverse grid and not Ferrari.....
Not exactly as Reversed Grids needed the 10 teams to vote in favor of it. This didn't happen as Mercedes and Racing Point voted against that idea.
No sir, that was a complete and utter horseshit lie spread by a lot of F1 youtubers to make Mercedes look bad. Ferrari are and will always be the most powerful team. I honestly still can’t believe so many youtubers came out with that narrative and we still haven’t bought them to book for straight up lying for clicks
Ferrari getting more money and voting power than Mercedes but building a car slower than Renault and McLaren, and strategists Williams would be ashamed of
What I would like to know is what is deemed legal in these kind of situations.
There are teams stationed in different countries, with different perspectives on how to handle things fairly by law. How can one make it suit every situation, or is there another way of dealing with this issue?
Well explain man channel is great 👌
one thing i like about Liberty over Bernie is that they’re firm with what they want from the teams and that they really seemingly care about all the teams and not just the top guys. If it was Bernie he’d be kissing the ass of the big teams and giving them all the money to have them stay and not pay attention to any of the smaller teams.
It's when they all agree to drink wine . because their smarter when their drunk.....
That heritage money thing is such bullshit
Alfa romeo should get the most since they started ferrari
Few information given are just wrong...
Worst deal in Uncle Bernie’s career - giving Ferrari “veto power”. Bad form, Unc, bad form.
There is no other sport where a mediocre team gets a financial reward for just showing up regardless of performance. Veto power? What a joke.
Ferrari getting a massive bonus payment, an extra bonus payment and veto power isn't 'prestige', it's corruption. Just because you're old doesn't mean you deserve to have a massively unfair advantage over literally everyone else.