There are numerous other web pages dealing with the subject of Bernie Ecclestone, his promotions
company SLEC, and the contract (Concorde Agreement) he has with the FIA and formula 1 teams.
Reference [25] is one such example that also details the financial workings.
In brief:
- The Concorde Agreement is named after the Place de la Concorde, the site of the FIA’s office in Paris.
- There are 12 parties to the Concorde Agreement :- the FIA, the 10 teams, and Mr Ecclestone.
- in 1998 McLaren, Williams and Tyrrell were paid $9.9m each to sign up to the 1998 Concorde Agreement.
[26]
There have been several versions of the Concorde Agreement:
- 1982 to 1986
- 1987 to 1991
- 1992 to 1996
- 1998 to 2007 (1 January 1998 until 31 December 2007)