Last Updated: 19/08/20 9:47am
All 10 Formula 1 teams have committed to the sport until the end of 2025 after signing up to the new Concorde Agreement.
In a joint statement on Wednesday, F1 and the FIA said the deal will “secure the long-term sustainable future for Formula 1”.
Ferrari, McLaren and Williams were the first teams to confirm they had signed on Tuesday, but now the whole grid – including world champions Mercedes – have come to an agreement.
More to follow.
Source : Sky Sports