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Ferrari claims it warned GPWC

NEWS STORY
24/01/2005

Following the announcement made on 19th January, concerning the renewal of the Concorde Agreement between Ferrari, FOM and FIA, Ferrari has tonight (Monday 24 January: 18:30) issued the following statement:

Back in the end of July 2004, Ferrari had informed in writing the other members of the GPWC that, as from 1st August of that same year, it would not be bound exclusively to the GPWC, while nevertheless remaining part of it. It intended examining the possibility of an agreement with the FIA and FOM regarding the long-term future of the FIA Formula 1 World Championship.

As a result of what was established in the agreement announced on the 19th of this month, the new version of the Concorde Agreement will come into effect from 2005 on the revenues owed to the signatories thereof.

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