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F1 extends licensing agreement with The Memento Group

Max Verstappen of Red Bull Racing in action at the Canadian Grand Prix.(Photo by Peter Fox/Getty Images)

Formula 1 has extended its licensing agreement with The Memento Group (TMG) until 2025.

The extended deal will see the United Kingdom-based memorabilia group retain its licence to produce Formula 1 team merchandise. TMG has also gained rights to sell classic Formula 1 race cars and show cars.

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