Marko reveals Concorde Agreement annual break clause
"You can cancel it annually"
Dr Helmut Marko has confirmed reports that teams will be able to pull out of Formula 1 at the end of each season.
That is despite the fact that all ten teams signed up for the new 2021-2025 Concorde Agreement.
However, as Mercedes momentarily dithered over signing up, it then emerged that break clauses at the end of each year would in fact be features of the new deal.
"Negotiating with Bernie Ecclestone in the past was always good fun, but Liberty were scrupulously fair and we were in fact the first team to sign it in Barcelona," Red Bull team boss Christian Horner said.
The annual break clause allowed Red Bull to sign up even though Honda is so far only committing to F1 until the end of 2021.
"You can cancel it annually, as nothing is as certain as it used to be anymore," Red Bull’s top Austrian official Marko told motorsport-total.com.
"Honda’s current contract with us ends in 2021, so it was crucial that the finances of the power source suppliers and the teams remain separate."
Marko said Red Bull is also happy with the new income distribution model for the teams.
"What we lose as Red Bull Racing, we roughly get back as Alpha Tauri," he explained.
Red Bull
Red Bull upgrade not working well yet - Marko
Newey’s Williams talks now on ’pause’ - Vowles
Verstappen hits back at online racing criticism
Verstappen to race in real and virtual worlds from Imola
More on Red Bull
F1 - FOM - Liberty Media
F1 not ready to regulate use of AI - Domenicali
FIA, Liberty want to end power struggle ’clashes’
F1 won’t be ’bored’ with off-track news at Imola - CEO
F1 could scrap hybrid engines from 2030 - Domenicali
US congress should not influence F1’s Andretti decision
More on F1 - FOM - Liberty Media