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Mosley is a former barrister, amateur racing driver, and a founder and co-owner of the March racing car constructor and Formula One racing team. March entered Formula One in 1970 and, although only sporadically competitive in the category, became a very successful constructor of racing cars for customers in Europe, the United States and Japan.
In the late 1970s, Mosley became the official legal adviser to the Formula One Constructors Association (FOCA). In this role he drew up a legal document which is now known as the first Concorde Agreement. This agreement was put in place to settle a dispute in Formula One between the Fédération Internationale du Sport Automobile (FISA), which was the ruling body of Formula One, and the teams, represented by FOCA. Although it has been revised several times since, the basis of this first agreement still governs Formula One. Mosley was elected president of the FISA in 1991 after challenging the incumbent Jean-Marie Balestre for the presidency. He became president of the FIA in 1993 when a restructuring of the FIA led to the demise of FISA. There is often controversy surrounding Mosley's presidency of the FIA which has led to speculation on his retirement. Mosley himself announced his retirement in 2004, before reversing the decision after the FIA Senate called for him to stay on.
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