Red Bull Junior to Sign Ecclestone Deal

The second Formula One team owned by Red Bull will sign the new Concorde Agreement, according to the company's owner Dietrich Mateschitz

Red Bull Junior to Sign Ecclestone Deal

Five Formula One carmakers and seven of the 10 teams announced on Wednesday they had signed a 'binding agreement' to stand firm in their fight over the sport's commercial future, confirming their commitment to creating a new series.

Minardi were one of the seven teams listed, but the struggling Faenza-based squad have been taken over by Red Bull, whose first Formula One team have already committed to the new Concorde Agreement, joining Ferrari and Jordan.

Mateschitz said it was just a matter of time before his second team abandoned the group that plans the breakaway championship.

"We will be neutral, but it's clear that Minardi too will join the new Concorde Agreement, [as] we can't have conflicting opinions," Mateschitz said in Austria on Wednesday.

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Series Formula 1
Teams Red Bull Racing
Author Michele Lostia
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