Renault

All 10 F1 teams agree terms on new Concorde Agreement

Last updated : Aug 21, 2020 20:08
SportzPower Team
Aug 19, 2020 16:08

LONDON: Formula 1 has announced that all 10 teams have agreed to the new Concorde Agreement, which sets out the terms under which teams will compete in F1 until 2025.

Ferrari, Williams and McLaren announced they had signed up on Tuesday afternoon, with F1 confirming the remaining seven teams had also agreed the new terms on Wednesday morning.

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