Formula 1 announced that all sports teams have signed the 2026 Concorde trade agreement.
Current Concorde Agreement – which is a tripartite agreement between the teams, the FIA Sports Governing Body and the F1 owners, Liberty Media – is expiring at the end of the 2025 season, which begins on Sunday with the Grand Prix Australian.
While FIA still has to complete the terms of the new agreement governing, Formula 1 confirmed on Sunday that all 11 teams, including the new 2026 Cadillac entrance, have agreed to the trade framework for a new five-year agreement that will go by the end of 2030.
A Formula 1 statement said: “Formula 1 may confirm that all teams have signed the Concorde 2026 trade agreement, which provides the long -term economic strength of the sport.
“Formula 1 has never been in a stronger position and all stakeholders have seen positive benefits and significant growth.
“We thank all the teams for their engagement during this process to achieve the best result for this sport.
“The Concorde 2026 Governance Agreement will end in a timely manner.”
FIA said Sky Sports News On Sunday that the part of the governing body of the agreement is “near the conclusion”.
The new deal oversees the beginning of a new cycle of rules for F1, with changes in engine and joke regulations coming for the start of next season.
The current Concorde deal allows a maximum of 25 races to be in the sports calendar, a figure which the current schedule is short.
Unlike the previous agreement reached in 2020, the new terms have agreed with little public discourse or drama, which is probably a reflection of the extremely healthy position in which sport finds itself.
The F1 circus goes straight to Shanghai this week for the first weekend of the season sprint in the Chinese GP, with the coverage that begins on Friday Live at the Sky Sports F1. Stream Sky Sports with now – without contract, cancel at any time
