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All ten Formula One teams sign new Concord agreement and Williams Racing enters new ownership.
Manage episode 344099653 series 3252233
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Formula One, the FIA and the 10 teams of the sport have agreed to the terms of a new long term contract, known as the ‘Concorde Agreement’, which will bind them to the world championship for another five years and Williams Racing, begins a new era after being acquired by US Investment firm Dorilton Capital.
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