F1 officially announced: 10 teams (all active teams) have signed the new version of the "Concorde Agreement", which means that 10 teams will remain in the F1 paddock before the end of 2025. F1 said that the new version of the agreement can effectively narrow the financial gap between the teams, which is conducive to enhancing the game viewing.
F1 stated in an official statement: “The agreement will be the basis for the long-term sustainable development of F1. It will work with the new rules released in October last year and will be implemented in 2022 and will help narrow the financial and competitiveness gap between the teams. This will bring a fairer race and provide the fans with the fierce fighting and competition they desire. "
" More exciting races will attract more fans in F1, which in turn will benefit every team. It will help F1 continue to improve its competitiveness in the global market." Jean Todt, chairman of
FIA, said: "FIA, F1 and 10 active teams have signed a new version of the "Concorde Agreement" to ensure that the FIA World Formula One Championship is more stable. "
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