F1 is currently in discussions with all 10 teams over a new set of commercial terms that are set to replace the existing Concorde Agreement, which expires at the end of this year.

F1 owner Liberty Media has been pushing for a more equitable distribution of revenue under the new terms in a bid to make the sport fairer and more sustainable as part of the talks.

A number of F1 teams have already confirmed they are ready to sign the terms for the new agreement, including Ferrari and McLaren.

An August 12 deadline has been set for teams to sign the new Concorde Agreement, as set by F1.

But Mercedes F1 chief Wolff said the team was not willing to put pen to paper on the terms that are currently proposed, and expressed his frustration with Mercedes’ treatment in the talks .

“We from Mercedes

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