System 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 can participate on the earth championship, the ten present groups in addition to newcomer Cadillac.
“System 1 can verify that each one groups have signed the 2026 Concorde Business Settlement, which secures the long-term financial energy of the game,” F1 mentioned in an announcement. “System 1 has by no means been in a stronger place and all stakeholders have seen constructive advantages and vital development. We thank all of the groups for his or her engagement throughout this course of to succeed in the most effective end result for the game.”
“The governance side of the 2026 Concorde Settlement between FIA and FOM is nearing completion,” the FIA reported to Motorsport.com.
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