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GP Week : Issue 56
> F1NEWS> Ready for take off! A NEW Concorde Agreement, the constitution which binds together the political and commercial fabric of the Formula 1 World Championship, is set to be signed within the next two weeks. The FIA announced in Hungary that a new agreement had been reached between the F1 teams and regulatory bodies, and that it had been sent to the FIA World Motor Sport Council for approval. “Following the completion of negotiations with FOA and all 13 Formula One teams by FIA President Max Mosley and FIA Deputy President for Sport Nick Craw, the members of the World Motor Sport Council have been sent a copy of the proposed new Concorde Agreement for their consideration. “Subject to the approval of the WMSC and on receipt of confirmation that a satisfactory costreduction agreement is in place, the new Concorde Agreement should be ready for signature at the end of next week.” It is believed that all 13 2010 Formula 1 teams will sign up to the new agreement, after lingering doubts over the happiness of the Williams and Manor teams with the details of the cost-cutting process were put to rest over the weekend. Webber keeps his wings MARK Webber has received the best possible reward following his first Formula 1 victory two weeks ago at the German Grand Prix, by re-signing for his current Red Bull Racing team for a further season, thus confirming his presence at the team alongside Sebastian Vettel for 2010. “I’m extremely happy Red Bull and I have been able to agree to race together again next year,” said Webber. “Even in the leaner and tougher years at the start of my relationship with the team, I’ve always enjoyed working with them. So now to go through this purple patch, which we hope will continue for a good while to come, makes the work even more enjoyable. “We have a very exciting finish to this year’s championship, but I’m also looking forward to helping to develop and race the car in the 2010 world championship.” 9