Mercedes AMG Petronas Formula One Team, Concorde Agreement and Bernie Ecclestone
Mercedes Team seems to be in a quandary. They have only two options in front of them one is to quit Formula One for good or challenge Bernie Ecclestone in court. Both these options are like jumping from the frying pan into the fire.
Rivalry between teams seems to be at the crux of the matter. Ferrari, McLaren and Red Bull have all signed a deal that has gained them a huge advantage over other teams. Mercedes was kept out of this deal and the one person responsible for this is none other than Bernie Ecclestone. Riled by the contract of which they were not a party to, Mercedes team has been contemplating ptions one of which points to challenging Ecclestone in court.
Ecclestone admitted that only top teams were signatories to the new commercial deal. That meant that Ferrari, McLaren, Red Bull, Lotus, Toro Rosso, Sauber and Force India complied while Mercedes and Williams were side tracked. The deal is named Concorde Agreement.
There were no comments regarding their decision but Mercedes AMG Petronas Formula One Team would enter into negotiations to help come to some understanding with top bosses of Formula One failing which there could be a new development.
Mercedes could probably discontinue their involvement with Formula 1 as they are unhappy with the terms being offered to them where their commercial involvement is concerned. Unless these terms are rectified, Mercedes may no longer be associated with Formula 1 while they are also considering taking legal action against Bernie Ecclestone. Mercedes will be challenging Ecclestone’s methods against European Union competition law or may simply quit F1. It was revealed that rivals Ferrari, McLaren and Red Bull have agreed to the new terms of the commercial deal.
It is said that 4other teams, Lotus, Torro Rosso, Sauber and Force India have also agreed to the terms which only leave Mercedes and Williams to agree.
Ecclestone said that Mercedes was yet to agree to the terms that have now been drawn up as Concorde Agreement is set to expire at the end of this year. Mercedes’ contention was that the terms being offered to top teams were not same. A leaked version of Concorde Agreement on Sky News suggested that special incentives were being offered to certain teams with Ferrari getting a share holding in Formula One. This has not gone down well with Mercedes who are fighting the terms of agreement. Bernie Ecclestone has been in contact with Daimler chairman Dieter Zetsche regarding the matter, and while he has great regard for Mercedes and their passenger cars, he doesn’t share the same enthusiasm regarding their growth in motorsports.