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Williams joins new Concorde Agreemeent signatories
Williams Racing has confirmed that it has signed F1's new Concorde Agreement, the Grove-based outfit joining Ferrari and McLaren as the sport's three most successful teams commit to the sport's future. The official covenant that will bind its signatories to F1's commercial, financial and governance terms until the end of 2025 has been in the works for over a year and was the subject of long negotiations between commercial rights holder Liberty Media, the FIA and the teams. McLaren is first team to sign new Concorde Agreement! Claire Williams, Deputy Team Principal of Williams Racing said: "The new Concorde Agreement represents a major step forward, for both Formula One and Williams....
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