As the new Concorde Agreement is set to come into force in 2026, McLaren CEO Zak Brown has revealed that discussions about the agreement are still in the very early stages.
The Concorde Agreement serves as the contract between the FIA, FOM, and F1 teams, outlining how the sport is governed and how television revenues and prize money are shared among the parties involved.
Renewing the Concorde Agreement can be a complex process, as each party has its own desires and priorities that may not always align with one another.