Drifting away from the usual talk of Ferrari and their on-track problems, the latest news is that they have become one of the first teams that are ready to sign on the new Concorde agreement for 2021.

The big news was confirmed by Ferrari’s Team Principal, Mattia Binotto, during Friday’s press conference.

The boss of the Maranello-based outfit was only too happy to make the announcement. However, he also said that a number of other teams are not too happy with the current terms of the agreement and are looking for some changes.

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Scuderia boss is happy that F1 have understood the importance of Ferrari to the sport

Speaking to the media about Ferrari’s stance on the agreement, Binotto said, “As far as Ferrari (is concerned) we are ready to sign. We would like to sign I think even quite soon.

“I think that’s important for the future and for clarity. At least I think we can all know where we are. I think it is important also for the small teams somehow because it’s part of the entire package.

“Looking ahead with clarity is important. So some are ready to sign. I think we are somehow happy because we know that F1 has understood the role of Ferrari in F1. That was key for us and so we are satisfied from that.”

Despite the new agreement being more favorable to the smaller F1 teams, most of them are still not too happy with what’s being offered.

Racing Point’s Team Principal Otmar Szafnauer said, “I think a lot of work has gone into it. I don’t think we’re that far off to having something that we can all sign. But there’s still a few talking points, which I think will happen in the short term.”

While the FIA work on convincing the other teams to sign, Ferrari already have their eyes trained on the Hungarian Grand Prix. They’ll be hoping for some redemption in Budapest in the wake of their dismal performances in Austria.

Can the Maranello-based outfit turn it around? We’ll soon find out, come Sunday.