All Formula 1 Teams Confirm New Concorde Agreement Through 2030

MELBOURNE, Australia — Formula 1 announced today that all teams have officially signed the 2026 Concorde Commercial Agreement, ensuring the sport’s long-term economic stability. This significant development comes ahead of the 2025 Australian Grand Prix season opener.

The agreement, which will be effective for five years starting in 2026, solidifies the commercial terms under which the teams will operate. F1 emphasized that the sport is currently stronger than ever, benefiting all stakeholders. “Formula 1 has never been in a stronger position and all stakeholders have seen positive benefits and significant growth,” the organization stated in a release.

F1 also expressed gratitude to the teams for their engagement in reaching this deal, recognizing the collaborative effort involved. The 2026 Concorde Governance Agreement will be finalized in the coming months, further outlining regulatory frameworks and other aspects of the sport.

The recent confirmation coincides with the extension of Stefano Domenicali‘s term as F1’s CEO and president, which will last until 2029. This decision has been positively received across the paddock. Seven-time World Champion Lewis Hamilton remarked, “It’s great to see [F1] grow; it’s great to see the audience grow, to see the sport moving in the right direction. Thank God he’s staying because it’s good to have a neutral good leader at the helm.”

The newly signed Concorde Agreement will include Cadillac, which is set to join the F1 grid in 2026, marking a significant expansion for the series into an American team and fostering interest in the U.S. market. Cadillac aims to build American-engineered cars at its U.S. headquarters by the end of the decade.

The governance aspect of the agreement will need approval from the Fédération Internationale de l’Automobile (FIA), led by president Mohammed Ben Sulayem, whose term ends this year. Any changes to the governance structure could shape future negotiations and terms involving the FIA and F1, especially given the sport’s rising tensions with the governing body.

This commercial agreement represents a pivotal moment in F1’s ongoing evolution, promising a secure future for the teams, and building on the sport’s recent growth trajectory as it heads into the 2026 season.