F1 is nearing the conclusion of talks with teams over the new commercial agreements that will be in place from 2021, with the existing Concorde Agreement expiring at the end of the year.

A number of teams have indicated they are ready to sign the Concorde Agreement, but Mercedes F1 chief Toto Wolff said on Friday that he was not yet willing to do so .

Wolff went on to say that most teams were looking for changes to the proposals, but were unwilling to air their concerns publicly and are “up the arse” of F1’s commercial rights holder , Liberty Media.

F1 has set a deadline of August 12 for all teams to sign the new Concorde Agreement, and said on Friday it would “not be delayed any longer” in the wake of Wolff’s comments.

Horner expressed confidence Concorde would get across the line

See Full Page