Australian GP organizers pleased with new Concorde Agreement

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With the new Concorde Agreement binding all parties involved in Formula One together, the organisers of the Australian GP are pleased that there will be a Formula One race in Melbourne in 2010. And the Australian Grand Prix Corporation is happy to insure the presence of all of the current teams next March for opening event of the season.

A statement sent out by the AGPC said, "The Australian Grand Prix Corporation is pleased with the announcement of the finalization of the new agreement between the FIA, the Formula 1 Commercial Rights Holders and FOTA.

The agreement brings stability to the sport of Formula 1 and ensures the best teams will be participating in the championship for years to come and will all be at Albert Park in March next year."