Christian Horner has revealed that talks over F1’s new Concorde Agreement were “remarkably straightforward” – and different to dealing with Bernie Ecclestone.
The Concorde Agreement is the contract which binds together the FIA, Formula 1 and its competing teams to ensure fair competition and the even distribution of commercial revenue.
Liberty Media had been pushing to achieve both of those targets during the talks to try and make the sport more sustainable.
Red Bull team principal Horner told Motorsport.com: “Negotiations were lengthy, especially given the global challenges facing the sport, but in some respects they were also remarkably straightforward in comparison with previous years.
“Negotiating with Bernie Ecclestone in the past was always good fun, always a bit different, but Liberty were scrupulously fair with the negotiations and we were in fact the first team to sign it (the Concorde Agreement) in Barcelona.
“You have to take a holistic view on these things. That’s what the agreement was, that’s what Chase Carey and Liberty were putting on the table and it was up to the teams if they chose to take it or leave it.
“There was, of course, back and forth on certain points and there are elements that please some teams more than others, but in the end everyone came to agree on the best way forward for the good of the sport.”
"Max's podium in Barcelona made it 175 for the Team and I have been present for all of them! I certainly remember the first because it cost me a jump into a swimming pool with just a Superman cape to wear!" Christian's column ✉️👇
— Aston Martin Red Bull Racing (@redbullracing) August 26, 2020
Horner hopes the new terms will help to not only make F1 more sustainable but also take the sport to a wider audience.
“It’s an important agreement for F1 and although the details are confidential, it provides stability and continuity for the future so we are pleased to get it over the line,” he said.
“Liberty have definitely achieved some good things for the sport in terms of opening it up and generating interest from a new fan base, which can only be a positive.
“The most important challenge now is getting the 2022 regulations right to promote better racing.”