Formula 1 | Binotto: “Concord Agreement? Ferrari rights recognized” [VIDEO]
“We maintained our strong points,” said the Team Principal
![Formula 1 | Binotto: “Concord Agreement? Ferrari rights recognized” [VIDEO]](https://f1grandprix.motorionline.com/wp-content/uploads/2020/08/binotto-f1-ferrari-patto-concordia.jpg)
Interviewed by Sky Sport 24 yesterday, Mattia Binotto expressed his full satisfaction with the closure of the negotiation relating to the new Concorde Agreement, underlining how Ferrari has requested and obtained all the conditions necessary for the continuation of its adventure in Formula 1.
Despite the doubts of Red Bull and Mercedes, the Red team managed to maintain a good share of commercial revenues (in fact its status as a historic team was confirmed) and the right to veto regulations.
Two important points, never questioned by Mattia binotto and by the management of the Scuderia, which will allow the Red to experience another five seasons as a protagonist. All the teams, we remember, have signed the new Pact, including Mercedes, an aspect that will allow Formula 1 a minimum of stability for the future world championships.
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