P1racenews AI automatic summary:
Both Ferrari and Williams have expressed concerns regarding Formula 1’s upcoming Concorde Agreement set to come into effect in 2026.
The current agreement between Formula One Management (FOM) and the 10 F1 teams will expire at the end of the 2025 season. Discussions are complicated by factors like inflation, increased CapEx spending, the evolving Cost Cap structure, and the potential inclusion of Andretti as an 11th team. Ferrari Team Principal Frederic Vasseur expresses concern that adding another team will complicate commercial proceedings for everyone involved. The current Concorde Agreement includes a $200 million anti-dilution fee that any new team would have to pay, but some argue that the fee needs to be increased due to the series’ recent financial growth. Williams team boss James Vowles supports the idea of an 11th team but emphasizes the need for financial stability first. Andretti aims to join the series in 2025 or 2026, depending on commercial terms and a potential compromise involving FOM and the current teams.
