Updated: 03/10/2012 23:17 | By pa.press.net

Todt expects resolution



FIA President Jean Todt is confident an agreement will soon be reached

FIA President Jean Todt is confident an agreement will soon be reached

FIA president Jean Todt believes motor sport's governing body will sign up to Formula One's new Concorde Agreement by the end of next month.

The FIA have held fire on penning the new commercial agreement that binds together the organisation, the 12 teams and the sport's commercial rights holders, CVC Capital Partners, whose chief executive is Bernie Ecclestone. Mercedes this week signed the agreement that on this occasion will run for eight years rather than the customary four, after holding out for months.

Now it remains for the FIA to follow suit, with an indication they will do so following Friday's meeting of the World Motor Sport Council in Paris. A statement read: "The FIA President (Todt) confirmed that positive and constructive discussions continue with regard to the new Concorde Agreement and it is anticipated a contract will be signed by the end of October."

The WMSC, meanwhile, has confirmed next year's F1 calendar, with only three minor changes made to the provisional draft that came to light during last weekend's Singapore Grand Prix.

The races in Germany and Hungary are no longer back to back, with the former brought forward a week to July 14. It is a similar situation with Belgium and Italy with the former now August 25, meaning a four-week summer break rather than five as was originally scheduled.

Finally, the Korean GP will now take place ahead of the one in Japan on October 6 and 13 respectively.

Despite Ecclestone this week stating the Grand Prix of America was again under threat and they no longer had a contract, the race in New Jersey is still scheduled for June 16, but asterisked as it is to be confirmed.

The organisers have just over two months to resolve their issues prior to the calendar being signed off at the December meeting of the WMSC.

2013 Formula 1 calendar:

Mar 17 Australia Mar 24 Malaysia Apr 14 China Apr 21 Bahrain May 12 Spain May 26 Monaco Jun 9 Canada Jun 16 America * Jun 30 Britain Jul 14 Germany Jul 28 Hungary Aug 25 Belgium Sep 8 Italy Sep 22 Singapore Oct 6 Korea Oct 13 Japan Oct 27 India Nov 3 Abu Dhabi Nov 17 United States Nov 24 Brazil * TBC

related stories on msn

0Comments
10 reasons to make MSN UK your homepage (© Microsoft)

latest f1 news

  • Lewis Hamilton holds his champion trophy during the prize presentation on the podium after the Chinese Formula One Grand Prix  AP

    Lewis Hamilton chalked up three successive victories for the first time in his Formula One career with a lights-to-flag cruise in China.

  • Ron Dennis and his McLaren team are contemplating legal action against Formula One rivals Red Bull

    McLaren boss Ron Dennis is planning High Court action against rivals Red Bull over a member of their technical staff who recently moved back to the Austrian team.

  • Red Bull did not behave fraudulently in Australia

    Red Bull avoided further punishment from the FIA this week upon the basis they did not act fraudulently during the Australian Grand Prix from which Daniel Ricciardo was disqualified.

  • Lewis Hamilton, centre, beat both Red Bull drivers to pole  AP

    Mercedes motorsport boss Toto Wolff hailed Lewis Hamilton as "mega" and "in a league of his own" on the day he made British Formula One history.

  • Lewis Hamilton has predicted a close race in Sunday's Chinese Grand Prix

    Lewis Hamilton is steeling himself for more of a fight from his title rivals this weekend as he bids to win three grands prix in a row for the first time in his Formula One career.

  • FIA president Jean Todt will hold fresh talks with Formula One teams over cost controls at the start of May

    Formula One faces May Day crunch talks in a bid to avert potential civil war and the demise of a number of the smaller teams.

  • Toto Wolff feels all the ingredients at Mercedes have now come together

    Nico Rosberg has confirmed holding clear-the-air talks with Mercedes team-mate Lewis Hamilton to ensure they know where to draw future battle lines.

  • Lewis Hamilton is currently second in the standings

    Lewis Hamilton is hoping his recent victory in Bahrain has delivered a psychological blow to Mercedes team-mate Nico Rosberg as they scrap over this year's Formula One world title.

  • Luca di Montezemolo is not alone in his condemnation of the new-look Formula 1

    Ferrari president Luca Di Montezemolo has found a new ally in his war on the current state of Formula One.

  • Stefano Domenicali has stepped down from his role as team principal of Ferrari

    Stefano Domenicali said it was time for a "significant change" as he announced his resignation as team principal of Ferrari.

  • Jenson Button is hoping for warm weather during Sunday's Chinese Grand Prix

    Jenson Button is praying the sun shines over Shanghai on Sunday if he is to salvage something from his Chinese Grand Prix weekend.

  • Fernando Alonso believes a podium may be out of reach in the Chinese Grand Prix

    A cautious Fernando Alonso has warned Ferrari fans not to expect him to be fighting for a top-three finish in Sunday's Chinese Grand Prix.

  • Max Chilton fears claiming a point has now become a tough ask

    Max Chilton fears Marussia's best chance of finally breaking their points duck has disappeared for this season.

  • Ferrari president Luca Di Montezemolo appointed Marco Mattiacci as team principal following a disappointing start to the season

    Marco Mattiacci has vowed to win over the sceptics following his appointment as Ferrari's new team principal this week.

  • Daniel Ricciardo's joy in Melbourne was short-lived

    Daniel Ricciardo has already moved on from the bitter disappointment of this week's appeal loss that denied him the best result of his Formula One career.