F1 2026's 11 teams sign up to new Concorde Agreement

Formula 1 has announced its 11 2026 teams have all signed up to the commercial framework of the new Concorde Agreement.

The Concorde Agreement is a contract between F1, its governing body the FIA and the teams who compete in the series. It defines how F1 is run – with one agreement relating to the regulatory framework of grand prix racing, and another outlining the commercial terms.

The commercial terms, which are the domain of F1 itself through commercial rightsholder Liberty Media and cover a five-year period from 2026 onwards, have now been agreed and signed by the 11 teams that will take part in the world championship, the 10 existing teams as well as newcomer Cadillac.

"Formula 1 can confirm that all teams have signed the 2026 Concorde Commercial Agreement, which secures the long-term economic strength of the sport," F1 said in a statement. "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 reach the best outcome for the sport."

"The governance aspect of the 2026 Concorde Agreement between FIA and FOM is nearing completion," a brief FIA statement added. 

F1 also stated the 2026 Concorde Governance Agreement will be "finalised in due course", with it understood that the ball is now in the FIA's camp to move this forward.