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Formula 1 secures new five-year deal in 2026, welcoming Cadillac and setting new financial terms.
Formula 1 (F1) has secured a new five-year Concorde Agreement starting in 2026, with 10 existing teams and new Cadillac team on board.
Cadillac pays a $450 million fee to join, shared among current teams.
Ferrari retains a special bonus, and the sport's cost cap rises to $220 million.
The deal covers financial splits and limits the number of races to 24 or 25 with unanimous team approval.
The governance part involving the FIA is still under negotiation.
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Fórmula 1 asegura un nuevo acuerdo de cinco años en 2026, dando la bienvenida a Cadillac y estableciendo nuevas condiciones financieras.