Home - The Official Formula 1 Website Skip to content

Teams commit to compete after 2012 24 Mar 2012

Bernie Ecclestone (GBR) CEO Formula One Group (FOM).
Formula One World Championship, Rd 17, Korean Grand Prix, Race Day, Korea International Circuit, Yeongam, South Korea, Sunday, 24 October 2010

Formula One Group Chief Executive Bernie Ecclestone announced today:

"I am very pleased to announce that we have reached commercial agreements with the majority of the current Formula One teams, including Ferrari, McLaren and Red Bull Racing, about the terms on which they will continue competing in Formula One after the current Concorde Agreement expires at the end of this year."