New Concorde agreed with majority of F1 teams

Bernie Ecclestone has revealed that the majority of F1’s team have agreed a deal over a new Concorde Agreement. Previously, it was reported Red Bull and Ferrari were set to agree separate new deals for F1’s future beyond the current commercial contract in 2013 and beyond.

But Ecclestone said on Saturday F1 has in fact “reached commercial agreements with the majority of the current formula one teams, including Ferrari, McLaren and Red Bull Racing”.

It was not revealed which teams have not agreed the terms for the new Concorde, although rumours in the press believe neither Williams nor Mercedes have signed.

Source:GMM