Bernie Ecclestone has insisted that a new Concorde Agreement is not required in order for Formula 1 to continue.
The Concorde Agreement dominates the running of the series, covering the sport’s rules, the amount of television revenue received by the teams, and much more besides.
At the end of 2012, the current deal expired, with the teams having failed to come to an agreement with the FIA and Ecclestone. The supremo, though, is unconcerned.
“We don’t need the Concorde Agreement signed,” Ecclestone told ESPNF1. “It doesn’t matter to me whether we have got the Concorde Agreement or not.
“The Concorde Agreement is really made up of two sections. We have already dealt with the financial section with the teams.
“It is all done so it is a case of the regulations, which change all the time. It’s a case really of how you change the regulations.
“What affects the teams more than anything is the technical regulations. It is that which could put them out of business.”