What to Read Next

Pirelli to remain F1 tyre supplier in 2014

27 September 2013
Pirelli "Full Wet" Formula One tyres are pictured in the pit ahead of the Singapore F1 Grand Prix September 18, 2013. REUTERS/Tim Chong
Pirelli "Full Wet" Formula One tyres are pictured in the pit ahead of the Singapore F1 Grand Prix September 18, 2013. REUTERS/Tim Chong

LONDON (Reuters) - Pirelli can continue as Formula One's sole tyre supplier next season, the sport's governing body said on Friday.

The International Automobile Federation (FIA) said the 2013 Concorde Agreement governing the sport, which is yet to be signed by all parties, would make it the body in charge of conducting any tender process in future.

"In order to cover the transition period and considering the contracts already settled by FOM (Formula One Management) and the teams with Pirelli, the WMSC (FIA's world motor sport council) today confirmed that Pirelli may continue to supply tyres to competitors in the FIA F1 World Championship," it said in a statement.

It added that this was "subject to the requisite technical and safety standards of the FIA being met."

Pirelli's current contract expires at the end of the season, with their tyres coming in for heavy criticism earlier in the year when drivers suffered a spate of blowouts.

The Italian company has already agreed contracts with all the 11 teams and the commercial rights holder. (Reporting by Alan Baldwin, editing by Ed Osmond)

9 Cards for People Who Have Great Credit

What card offers up to 5% cash back? And which one offers 24/7 concierge service? See the best credit cards of 2016. Apply online, quickly & easily.

This Site is Changing the Way Women Buy Online!

Discover the site millions of women visit everyday!

Controversial Flashlight Should Be Banned?

A Controversial decision to ban this new military flashlight just released to the public could take effect soon. They are selling out quickly, see why

Banks Feel 'Cheated' When Homeowners Do This

Homeowners are surprised in 2016. Before you pay your mortgage this month, you need to see this. Own a home? Read this now!

Starwood Credit Card

Earn 25,000 Bonus Starpoints®! Use toward Award Nights or Flights.

Military Mortgage Rates In 2016

Rates as Low as 2.75% (3.028% APR) 15 Year Fixed. Exclusive For Veteran & Military Takes 1 Min!

Insane Navy Seal Flashlight, should it be banned?

The Military has recently released technology that is now available to the public. Get yours before they run out - Limited Supply!

Ever Googled Someone? Do A "Deep Search" Instead

Entering a Name and State on this site could reveal info you thought wasn't available. Have you searched yourself or someone you know yet?

$200 Military Flashlight Surplus Dumped

Highly anticipated LumiTact G700 Tactical Flashlight Overrun - Now available to civilian population

Have your W-2? File taxes free this weekend

The IRS is accepting returns. File your simple Federal & State taxes for $0 at TurboTax w/Zero hidden costs. Fed Free Edition.

Help Erase Credit Card Debt with a Personal Loan

Are you paying too much on your credit cards? Consider a Personal Loan to help consolidate your payments.

Banks Are Worried Homeowners Will Do This.

Homeowners are surprised and furious. If you owe less than $625,000 on your home, you better read this.

Powerful Tactical Flashlight Flying Off Shelves!

This new tactical flashlight was just released to the public and is flying off shelves in the United States. Limited supplies left, act quick!

Free Samples Sites- Why You Should Pay Attention

Sign up now for freebies so good you will feel guilty not paying for them! No credit card or purchase necessary.