Formula 1 has confirmed that all teams have signed the 2026 Concorde Commercial Agreement, which secures the long-term economic strength of the sport.
In a statement released to the media ahead of the 2025 Australian Grand Prix season opener, Formula 1 confirmed that the Concorde Commercial Agreement had now been signed by the teams, adding that the sport had “never been in a stronger position and all stakeholders have seen positive benefits and significant growth”.
The statement went on to thank “all the teams for their engagement during the process to reach the best outcome for the sport”.
The news comes just days after it was announced that Formula 1 CEO and President Stefano Domenicali would continue in his role through 2029 – a move that was met with widespread praise from drivers and team principals in the paddock.
“It’s great to see [F1] grow, it’s great to see the audience grow, to see the sport moving in the right direction,” said seven-time Formula 1 World Champion Lewis Hamilton.
“Thank God he’s staying, because it’s good to have a neutral good leader at the… helm.”
The 2026 Concorde Governance Agreement will be finalised in due course.
Next Up
Related Articles
Verstappen on what he would never do as an F1 team boss.webp)
How F1 drivers recharge during the winter break.webp)
Unlocked‘We have a lot of hopes’ – Vasseur on Ferrari's 2026
Mercedes confirm date for first look at 2026 F1 car/16x9%20single%20image%20(3).webp)
Exclusive‘I'm used to being thrown in the deep end’ – Lindblad
BarrettoLawrence Barretto’s 5 bold predictions for 2026