At last week’s World Motor Sport Council meeting it was announced the 2013 Concorde Agreement had become operative. Part of that agreement paved the way for Pirelli to continue as the sole tyre supplier to F1 in 2014.
“In this new process, the FIA will be confirmed as the body in charge of conducting the tender process,” an official FIA statement read. “The Commercial Rights Holder will be entitled to run the commercial negotiations with potential suppliers, with a view to the selected single supplier being officially appointed by the WMSC.
“In order to cover the transition period and considering the contracts already settled by FOM and the Teams with Pirelli, the WMSC today confirmed that Pirelli may continue to supply tyres to competitors in the FIA F1 World Championship, subject to the requisite technical and safety standards of the FIA being met.”
This news caps off a rather trying year for Pirelli, with several spectacular failures resulting in boycott threats and the controversial secret test with Mercedes AMG just some of the moments to trouble Paul Hembery and his colleagues.
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[…] it and sign a five-year extension to be the exclusive tyre supplier to Formula 1. The news follows last week’s WMSC meeting which cleared the way for Pirelli to stay in the […]