The new deal sees the teams commit to F1 until the end of the 2012 season and brings to an end the lengthy disputes that have taken place with the FIA in recent months.
FOTA said it was pleased negotiations had finally ended and reiterated that it would do what it could to ensure that BMW Sauber remains part of the grid with the team having missed its Wednesday deadline to sign up as it searches for a buyer.
“The Formula One Teams Association welcome the successful conclusion of negotiations leading to the signing of the 2009 Concorde Agreement,” a statement read.
“Signed by all Formula One teams, with the only exception of BMW-Sauber AG, the FIA, and Formula One Administration, Concorde 2009 lays down the commercial and regulatory guidelines for Formula One whilst guaranteeing the teams until the end of the 2012 season.
“FOTA will support any initiative which would allow BMW-Sauber AG to reapply for full participation within the new Concorde Agreement.”
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