Sport
All 10 Formula 1 teams sign up for new Concorde Agreement – Autosport
Formula 1 has announced that all 10 teams have signed the new Concorde Agreement, committing to the championship from 2021 to 2025
Formula 1 has announced that all 10 teams have signed the new Concorde Agreement, committing to the championship from 2021 to 2025.
F1 has been engaged in long-running talks with teams in a bid to finalise the new commercial terms that will replace the existing Concorde Agreement at the start of next year.
An early-sign deadline was set of 18 August for teams to put pen to paper on the new terms, which focused on a more equitable distribution of prize money and a revised governance structure.
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