All 11 groups that may compete in Formulation 1 from 2026 onward have signed the industrial side of the brand new Concorde Settlement that may come into pressure subsequent yr.
The bilateral settlement between the groups and F1’s industrial rights holder outlines the industrial phrases that the groups will function below for a selected interval, with RACER understanding it covers the subsequent 5 years from 2026. Following affirmation of Stefano Domenicali’s personal contract extension as F1 CEO, the groups have now dedicated to the continuing partnership.
“Formulation 1 can affirm that every one groups have signed the 2026 Concorde Industrial Settlement, which secures the long-term financial energy of the game,” an F1 assertion learn. “Formulation 1 has by no means been in a stronger place and all stakeholders have seen constructive advantages and important progress. We thank all of the groups for his or her engagement throughout this course of to succeed in the perfect final result for the game.
“The 2026 Concorde Governance Settlement shall be finalized sooner or later.”
The industrial settlement consists of Cadillac as a confirmed entrant from 2026 onwards, following its approval from each F1 and the FIA earlier this month.
Governance — the approaching piece of the subsequent Concorde Settlement — would be the first that must be agreed below present FIA president Mohammed Ben Sulayem, because the earlier version was finalized in 2021 below Jean Todt. That is the ultimate yr of Ben Sulayem’s first time period, with a management contest set to happen later this yr ought to every other candidates enter the operating.
The announcement of the industrial settlement removes a negotiating tactic from Ben Sulayem’s hand, as he searches for improved phrases for the governing physique. With the groups and F1 aligned on industrial points, the FIA now must discover a manner ahead towards a united entrance from the opposite two fundamental stakeholders concerned within the Concorde Settlement.
