'Majority' of Formula 1 teams commit to new Concorde deal
Formula 1 supremo Bernie Ecclestone has announced that a 'majority' of teams have committed to the sport beyond 2012.
In a statement issued on his official website shortly before the start of final free practice, Ecclestone said that a number of outfits including Ferrari, McLaren and Red Bull Racing had committed to a new Concorde Agrement.
"I am very pleased to announce that we have reached commercial agreements with the majority of the current Formula 1 teams, including Ferrari, McLaren and Red Bull Racing, about the terms on which they will continue competing in Formula 1 after the current Concorde Agreement expires at the end of this year," said Ecclestone.
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