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Teams commit to F1 post 2012

NEWS STORY
24/03/2012

Bernie Ecclestone has announced that the majority of the teams have a agreed a new deal which will keep them in the sport for the foreseeable future.

A brief statement on the official F1 website reads:

"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."

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