On 19 January 2005, Ferrari announced that it had signed an extension to the 1997 Concorde Agreement. The extension would expire on 31 December 2012. Later that year, Red Bull and Jordan/Midland also signed an extension. (Jordan had been sold to Midland, but was still racing under the name Jordan.) On 7 December, 2005, Williams became the fourth team to sign an extension to the agreement.