Mercedes F1 boss Toto Wolff said that FOM has started talks with F1 teams about the replacement of the Agreement of Consent to the franchise model.
All commercial relations between the teams and the commercial rights holder was regulated by a Contract agreement, however, the system of income distribution has received a lot of criticism from small groups of favouritism for the big teams.
“Liberty Media has demonstrated the right approach, eliminating what used to be called the Contract agreement, said wolf in an interview with ORF. In the future teams will receive a lifetime deductible, and they will not have to renegotiate every eight years.”
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