Formulation 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 sequence. 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 planet championship, the ten present groups in addition to newcomer Cadillac.
“Formulation 1 can verify that every one groups have signed the 2026 Concorde Industrial Settlement, which secures the long-term financial power of the game,” F1 stated in an announcement. “Formulation 1 has by no means been in a stronger place and all stakeholders have seen optimistic 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 consequence for the game.”
“The governance facet of the 2026 Concorde Settlement between FIA and FOM is nearing completion,” the FIA reported to Motorsport.com.
For extra, learn our overview of the Concorde Settlement and the way it impacts the game of F1.
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