On the eve of the season-opening Australian Grand Prix, Components 1 confirmed that each one 11 groups, together with new 2026 entry Cadillac, have agreed the industrial framework for a brand new five-year deal that can run to the tip of 2030.
The Concorde Settlement is the industrial contract between the Components One Group, the Components One groups and the Federation Internationale de l’Vehicle dictates the phrases by which the groups compete in races and the way the tv revenues and prize cash is split.
The primary Concorde Settlement was signed in 1981, named after the plaza in Paris the place the discussions occurred.
The present Concorde Settlement is expiring on the finish of the 2025 season. Forward of final Sunday’s Australian Grand Prix, Components 1 introduced that all the sport’s groups have lately signed the 2026 Concorde Industrial Settlement. Nonetheless, the FIA nonetheless must finalise governance phrases of the brand new deal.
A Components 1 assertion mentioned: “Components 1 can affirm that each one groups have signed the 2026 Concorde Industrial Settlement, which secures the long-term financial power of the game.
“Components 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 achieve the perfect consequence for the game. The 2026 Concorde Governance Settlement will probably be finalised sooner or later.”
F1
