Motor racing-FIA says new agreement could be signed next week

Newswire

By Alan Baldwin

BUDAPEST, July 24 (Reuters) - A new commercial agreement to secure the stability of Formula One until at least 2012 should be ready for signing by the end of next week, the sport's governing body said on Friday.

The International Automobile Federation (FIA) said in a statement that negotiations had been completed between them, all 13 of the teams due to compete next season and the commercial rights holders.

"The members of the (FIA's) World Motor ...

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