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Liberty: F1 Concorde discussion won't be "snot-gobbling fight"
The current Concorde Agreement, negotiated by former F1 CEO Chase Carey from 2021 to 2025, marks a new era of cooperation compared to the confrontational debates of the past. Stefano Domenicali, the new F1 CEO, has already started preliminary discussions for the next Concorde, which will come into force in 2026. Negotiations are now more straightforward due to the improved relationship between F1 and the teams, as all parties see the benefits of growing the overall revenue. The aim is to provide stability and certainty for the future, which will support long-term sponsorship deals. The percentage of F1 revenue shared with the teams has decreased over the years as overall revenue has risen, but the teams still see the value in extending the current regime.
Source: Autosport.com
