At the 2012 British Grand Prix, Ecclestone announced that every team had agreed "in principle" to the terms of the new Concorde Agreement, and the final draft of the Concorde Agreement was presented to the teams ahead of the 2012 Indian Grand Prix.
Under Storbritanniens Grand Prix 2012 udtalte Ecclestone at alle teams «i princippet» havde godtaget vilkårene i den nye Concordeaftale, og det endelige udkast til den nye Concordeaftale blev præsenteret for teamsene forud for Indiens Grand Prix 2012.