New Concorde deal helps keep Marussia in F1

Bernie Ecclestone

Bernie Ecclestone

No more Formula 1 teams are set to follow defunct HRT through paddock exit, Bernie Ecclestone insists.

There has been speculation the economic situation in the sport and the wider world could claim more scalps, with Marussia at the top of the list, having reportedly failed to negotiate a new Concorde Agreement with F1′s ‘supremo’.

But after a meeting with team bosses last Thursday, chief executive Ecclestone now tells F1 business journalist Christian Sylt: “They are all safe.”

“We have got a deal with them all, including Marussia,” he is quoted by Autoweek. “We are continuing with Marussia. I thought they were going to go but they are not.”

Marussia’s sporting director Graeme Lowdon confirmed that “discussions” about a final agreement with Ecclestone are taking place now.

Ecclestone said F1′s teams should be happy with the terms.

“They’ve all got more money,” he asserted. (GMM)