LONDON (REUTERS) - Formula One's two longest-standing and most successful teams, Ferrari and McLaren, committed to the sport until at least the end of 2025 on Tuesday (Aug 18) by putting their signatures to a new commercial 'Concorde Agreement'.. Read more at straitstimes.com.
LONDON - Formula One's two longest-standing and most successful teams, Ferrari and McLaren, committed to the sport until at least the end of 2025 on Tuesday by putting their signatures to a new commercial"Concorde Agreement".
Brown, whose team have competed in the championship since 1966 and have won eight constructors' and 12 drivers' titles, said the new agreement would make the teams collectively stronger. Formula One's finances have been hard hit by the Covid-19 pandemic, with races so far being run without spectators while others such as the showcase Monaco Grand Prix have been cancelled.
Williams, the sport's third oldest and most successful team who are currently going through tough times, indicated last week that they were ready to sign as did reigning champions Mercedes after earlier resistance.
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