FILE PHOTO: Formula One F1 - Brazilian Grand Prix - Autodromo Jose Carlos Pace, Interlagos, Sao Paulo, Brazil - November 17, 2019 Ferrari's Sebastian Vettel in action at the start of the race REUTERS/Ricardo Moraes
MARANELLO, Italy (Reuters) - Significant progress has been made in mapping out Formula One's future, with Ferrari making sacrifices to ensure smaller teams get more of the money, according to chief executive Louis Camilleri.
The sport is preparing for a major shake up in 2021 but, while rules have been agreed, a new commercial 'Concorde Agreement' has yet to be signed between the teams and stakeholders.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
