Red Bull commits to new Concorde Agreement

Red Bull Racing confirmed in a very brief statement on July 18th that it has "reached an understanding with FOA to prolong the current Concorde Agreement from 2008 until 2012". It is only the second team to side with the new Agreement since it was...

Red Bull Racing confirmed in a very brief statement on July 18th that it has "reached an understanding with FOA to prolong the current Concorde Agreement from 2008 until 2012". It is only the second team to side with the new Agreement since it was announced in January that the FIA, Formula One Management and Ferrari had signed the deal.

Red Bull will be Ferrari-powered next season so the team conceding to the new Agreement will not be seen as a big surprise by many, although Red Bull claims it has tried to stay out of political wrangles. The other eight teams currently remain unconvinced that extending the Agreement is the way forward.

Red Bull was part of the 'rebel' group of nine teams that had discussed forming a rival series should F1 not meet their requirements for the future. The strained relations between the group and the FIA have relaxed a little in recent times and the talk now appears to be of finding a compromise rather than going separate ways.

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Series Formula 1
Teams Ferrari , Red Bull Racing