Ferrari maintains its right to veto in the Pact of Concord

"At least we have maintained what is paramount for us. This is to maintain the importance of our brand in Formula 1," Binotto said in Sky.

Ferrari-maintains-its-right-to-veto-in-the-Pact-of-Concord

Ferrari signed, like the rest of the teams on the grid, the new Pact of Concord, the regulation that will govern F1 between 2021 and 2025 and that the teams consider will make the competition something much more fair and balanced. Ferrari hinted during negotiations that it could open up to other disciplines if the new deal did not meet its requirements. The right to veto was one of them and the Scuderia has managed to maintain it during the new agreement. A right that allows them to oppose rules that they consider unfair and that allows them to be an authoritative voice in the face of possible changes.

"We have maintained what is paramount for us. This is to maintain the importance of our brand in Formula 1. We retain that right of veto that is important to Ferrari for everything the team represents throughout the history of F1", Mattia Binotto stated on the matter in an interview with Sky. "So yeah, I'm satisfied overall," he concluded.

Ferrari, which was the second team to sign the agreement after McLaren, believes that the new Concord Pact will achieve a more interesting F1 to ensure its upward development: "It is an important step to ensure the stability and growth of the sport. very confident that the collaboration with the FIA and Liberty Media can make Formula One even more attractive and spectacular, while retaining its status as the latest technological challenge. Racing is in Ferrari's DNA and it is no coincidence that the Scuderia is the only team that has participated in all editions of the FIA Formula One World Championship, becoming an integral and essential part of its success, today as in the past and, above all, in the future, "he said. Louis Camilleri, CEO, Ferrari.



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