F1 teams all sign new Concorde Agreement

London — Formula One’s (F1) 10 teams committed to the sport’s new era on Wednesday by signing up for the next five years with the promise of a more level playing field and fairer share of the revenues.

The confidential Concorde Agreement with rights holders Liberty Media and governing FIA sets out the terms under which the teams race; the old one had been due to expire at the end of 2020...

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