P1racenews AI automatic summary:
Liberty Media CEO Greg Maffei anticipates there will be difficult negotiations with the teams when it comes to renewing Formula 1’s Concorde Agreement for 2026. The upcoming Concorde Agreement, a document between the FIA, the Formula One Group and the teams, in 2026 will coincide with the all-new technical regulations. This three-way agreement delimitates key […]
The upcoming Concorde Agreement in 2026, involving the FIA, Formula One Group, and teams, will coincide with new technical regulations. This agreement will determine teams’ payouts and grid limits, a point of contention with Andretti’s desire to join in 2026. Liberty Media, negotiating its second Concorde Agreement, anticipates tough discussions, aiming for equitable terms amidst the sport’s healthy growth. Liberty Media CEO Maffei stresses transparency and mutual benefits in negotiations despite potential financial disagreements among parties. Limiting races to 24 per season is a significant aspect of the Concorde Agreement, balancing historical tracks with new venues being a key challenge moving forward. The goal is to solidify the agreement well before its expiration, ensuring a fair deal for all involved in Formula 1.
