F1 2026’s 11 teams sign up to new Concorde Agreement

Components 1 has introduced its 11 2026 groups have all signed as much as the industrial framework of the brand new Concorde Settlement.

The Concorde Settlement is a contract between F1, its governing physique the FIA and the groups who compete within the collection. It defines how F1 is run – with one settlement regarding the regulatory framework of grand prix racing, and one other outlining the industrial phrases.

The industrial phrases, that are the area of F1 itself by industrial rightsholder Liberty Media and canopy a five-year interval from 2026 onwards, have now been agreed and signed by the 11 groups that may participate on this planet championship, the ten current groups in addition to newcomer Cadillac.

“Components 1 can affirm that each one groups have signed the 2026 Concorde Business Settlement, which secures the long-term financial power of the game,” F1 stated in a press release. “Components 1 has by no means been in a stronger place and all stakeholders have seen constructive advantages and important development. We thank all of the groups for his or her engagement throughout this course of to succeed in the most effective final result for the game.”

F1 additionally added the 2026 Concorde Governance Settlement will likely be “finalised sooner or later”, with it understood that the ball is now within the FIA’s camp to maneuver this ahead.