Domenicali: 2012 a very important year for F1 11 January, 2012 Stefano Domenicali in the Italian Alps Jan.11 (Ferrari) might not be the end of the world as predicted by the Mayans, but it will definitely be an important one for Formula 1, as this 31st December is the expiry date of the current Concorde Agreement, the document that sets out all the commercial and organizational rules that govern the highest level of motor sport, but clearly decisions regarding the future will have been taken well before that date. Domenicali with Felipe Massa and Fernando Alonso at Wrooom Therefore, it’s easy to understand curiosity regarding this matter when journalists they met team principal Stefano Domenicali this morning as part of the Philip Morris run Wrooom event in Italy. “Clearly this is a very important year and we are all aware of that,” he began. “It is equally clear that there is only one offer on the table, given that no alternative solutions were ever established. In the coming months, talks will get underway on the future of the Agreement as we are still in discussion, especially with the bigger teams, despite the fact we have left FOTA, on the subject of cost reduction, discussions where Ferrari has always been at the forefront.” “Furthermore, one must bear in mind that the RRA is still in force: what still needs to be established – and this something we are looking at in these days – is if we should abide by the first version, signed in 2009, or the one drawn up in Singapore in 2010. The first one envisages very severe spending cuts for 2012, the year it should run out, while the one signed in Singapore has a revised figure and is valid right up to the end of 2017.” “The key point is to understand if this is an important tool for the future,” concluded Domenicali. “What should happen to those who do not abide by the rules: today, only a financial type of penalty is planned, but we need to decide if it would not be better to think also of something on the sporting front and, in that case, who should decide the outcome,” concluded Domenicali. Tweet Stewy33 “This is a very important year for F1″ Translates to, We (Ferrari) got our way in clipping Red Bull’s and McLaren’s Wings (Diffuser) and we left FOTA to make our own private Concorde Agreement with Bernie so we (Ferrari) can use politics and the FIA to return our F1 program to the top… http://www.gmofilm.com fools Haters first to talk. Stewy33 Some people “hate” the truth. If you’re going to win championships do it with brilliant engineering not politics. Sennauno Teams that have come up with brilliant innovations which have permitted dominance have always been brought back to the field by FIA by outlawing them. The FIA have always clipped at the wings of all engineering advances too keep speeds down..for safety/or to give more driver input of driving. Google ground effect, active suspension, boost pressure reduction 1988 etc…add to that F-duct & blown diffuser Gotta say though, few advances are produced by Ferrari over the years..