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One-year Concorde for 2021 possible - report

One-year Concorde for 2021 possible - report
© Reuters
Negotiations over the 2021 Concorde Agreement have been put on ice.

Negotiations over the 2021 Concorde Agreement have been put on ice.

Talks about the expiring deal, which crucially regulates the distribution of income and the governance structure, were on track when the coronavirus pandemic struck.

Suddenly, there are no races and F1's NASDAQ share price has slumped.

"Before any team signs up for five years, we all need to know if we can survive this crisis," an unnamed team boss told Auto Motor und Sport.

"There is currently no talk of this topic. There are more important things to do right now."

Indeed, the latest talks - set to resume with more teleconferences scheduled for mid April - have been about austerity measures like delaying the 2021 regulations.

It is believed an interim one-year Concorde Agreement for 2021 only could be a solution.

"During our last videoconference with the teams, the FIA and Liberty Media, we agreed to meet again in mid-April, depending on what the situation is then, to discuss the new situation," Alpha Tauri boss Franz Tost told motorsport-magazin.com.

FIA president Jean Todt and F1 CEO Chase Carey are said to be contemplating pushing through a lower than $175 million budget cap for 2021.

But not every team is happy with the imposition of further measures. Ferrari and Red Bull, for instance, reportedly want to be able to alter their gearboxes for 2021.

Auto Motor und Sport claims that they have discovered the secret of how Mercedes connects the engine and transmission.

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Chase Carey pictured on August 8, 2019
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Olympic medal table header
CountryGold medalSilver MedalBronze MedalT
ChinaChina115824
JapanJapan114520
United StatesUnited States1011930
Olympics flagOlympic Athletes from Russia78419
AustraliaAustralia61916
Great BritainGreat Britain56415
Today's Olympic highlights header

Wednesday's key events


ROWING
· Team GB have dominated the men's coxless fours in recent Olympics, winning on each of the last five occasions, but this year they face some stiff competition. They are one of four rowing medal contenders for Great Britain today (2.10am)

SWIMMING
· Katie Ledecky and Ariarne Titmus face off again in the women's 200m freestyle final, with the latter having already come out on top in the 400m event (2.41am)
· Team GB's Abbie Wood is among the medal contenders in the women's 200m individual medley final, while teammate Alicia Wilson will also take part. USA's Kate Douglass was the fastest qualifier, while world and Olympic record holder Katinka Hosszu is also involved (3.45am)
· Katie Ledecky could make it two golds in one morning as she goes into the 1500m freestyle final as heavy favourite, having broken the Olympic record in qualifying (3.54am)
· Team GB were by far the fastest qualifiers for the men's 4x200m freestyle relay final and will therefore be favourites for another gold in the pool (4.26am)

RUGBY SEVENS
· Team GB take on New Zealand in the first men's semi-final, having been beaten by reigning champions Fiji but then come from behind to overcome USA on day two (3am)
· The sevens gold medal match takes place at Tokyo Stadium, with the winner of Great Britain vs. New Zealand taking on either Argentina or Fiji (10am)

ARTISTIC GYMNASTICS
· Joe Fraser and James Hall compete for Team GB in the men's all-around final (11.15am-2.10pm)

CYCLING
· Anna Shackley will take part in the women's road time trial (from 3.30am)
· Geraint Thomas and Tao Geoghegan Hart have medal ambitions for Great Britain in the men's road time trial, although both will need to recover from the crash they suffered on Saturday (6am)

DIVING
· Jack Laugher bids to retain his men's 3m synchro diving title alongside new partner Daniel Goodfellow (7am)

EQUESTRIAN
· Charlotte Dujardin will look to add to her already legendary status with a third successive Olympic individual dressage title (9.30am-1.25pm)

> Today's schedule in full
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