Motorsport Week
  • Formula 1
    • Formula 1 Calendar
    • Championship Standings
    • Team/Driver Line-Up
    • Session Results
  • Formula E
    • Championship Standings
    • Formula E Calendar
    • Session Results
  • WRC
    • WRC Calendar
    • Championship Standings
  • MotoGP
    • MotoGP Calendar
    • Team/Rider Line-Up
    • Championship Standings
  • IndyCar
    • IndyCar Calendar
    • Championship Standings
  • WEC
    • WEC Calendar
  • More
    • IMSA
    • Formula 2
    • Formula 3
    • NASCAR
    • DTM
    • WSeries
    • Extreme E
    • Dakar
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Login
  • Register
  • Formula 1
    • Formula 1 Calendar
    • Championship Standings
    • Team/Driver Line-Up
    • Session Results
  • Formula E
    • Championship Standings
    • Formula E Calendar
    • Session Results
  • WRC
    • WRC Calendar
    • Championship Standings
  • MotoGP
    • MotoGP Calendar
    • Team/Rider Line-Up
    • Championship Standings
  • IndyCar
    • IndyCar Calendar
    • Championship Standings
  • WEC
    • WEC Calendar
  • More
    • IMSA
    • Formula 2
    • Formula 3
    • NASCAR
    • DTM
    • WSeries
    • Extreme E
    • Dakar
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Ferrari formally confirms it has signed 2021-25 Concorde Agreement

by Phillip Horton
8 months ago
1
Ferrari formally confirms it has signed 2021-25 Concorde Agreement

Sebastian Vettel (GER) Ferrari SF1000. Spanish Grand Prix, Sunday 16th August 2020. Barcelona, Spain.

Share on FacebookShare on Twitter

Ferrari has confirmed that it has agreed terms with the FIA and Formula 1 to continue competing in the championship through at least 2025.

Formula 1’s current Concorde Agreement – the arrangement that binds the teams to the championship – expires at the end of 2020.

Ferrari indicated at Silverstone that it was ready to sign the new Concorde Agreement and ahead of the impending initial sign-up deadline announced on Tuesday that it has completed its deal.

“We are pleased to have signed up again to what is commonly known as the Concorde Agreement, which will regulate Formula 1 for the next five years,” said Ferrari CEO Louis Camilleri.

“It is an important step to ensure the stability and growth of the sport.

“We are very confident that the collaboration with the FIA and Liberty Media can make Formula 1 even more attractive and spectacular, while preserving its status as the ultimate technological challenge.

“Racing is in Ferrari’s DNA and it is no coincidence that the Scuderia is the only team that has participated in every edition of the FIA Formula One World Championship, becoming an integral and essential part of its success, today as in the past and, above all, in the future.”

Formula 1 Chairman and CEO Chase Carey welcomed Ferrari’s deal.

“Scuderia Ferrari and Formula 1 have gone hand in hand since 1950 and we are happy that this relationship is set to continue for a long time, as it is part of the very DNA of this sport,” he said.

“In the path that has led to defining the new Concorde Agreement, we have been able to appreciate Ferrari’s constructive role, always aimed at making the pinnacle of motorsport stronger, fairer and more sustainable.

“Now the scene is set to work together to ensure Formula 1 is even more spectacular and attractive for the hundreds of millions of fans from around the world who love this sport.”

McLaren became the first team to publicly commit to the 2021-25 terms earlier on Tuesday.

Williams, second to Ferrari in terms of Constructors Championships won, has also signed up to the new agreement.

Tags: F1Ferrari
Share687Tweet429Share172

Related Posts

Rome redemption for Vandoorne after final lap chaos
Formula E

Rome redemption for Vandoorne after final lap chaos

15 hours ago
Stroll puts his Canadian circuit up for sale
Formula 1

Stroll puts his Canadian circuit up for sale

18 hours ago
Cassidy takes maiden pole position in wet Rome E-Prix qualifying
Formula E

Cassidy takes maiden pole position in wet Rome E-Prix qualifying

19 hours ago
Load More

Comments 1

  1. Peter Scandlyn says:
    8 months ago

    Probably told they wouldn’t get their sweetener unless…..

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Martin Truex Jr. wins delayed race at Martinsville Speedway

Martin Truex Jr. wins delayed race at Martinsville Speedway

April 12, 2021
New aero parts could lead to varied car setups for Indy 500

New aero parts could lead to varied car setups for Indy 500

April 11, 2021
Rome redemption for Vandoorne after final lap chaos

Rome redemption for Vandoorne after final lap chaos

April 11, 2021
Motorsport Week

© 2020 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Home
  • Formula 1
    • Latest News
    • Standings
    • Calendar
    • Team/Driver Line-Up
    • Session Results
  • Formula E
    • Latest News
    • Standings
    • Calendar
    • Session Results
  • MotoGP
    • Latest News
    • Standings
    • Calendar
  • WRC
    • Latest News
    • Standings
    • Calendar
  • IndyCar
    • Latest News
    • Calendar
    • Standings
  • WEC
    • Latest News
    • Calendar
  • Other
    • Formula 2
    • Formula 3
    • Moto2
    • Moto3
    • WSeries
    • DTM
    • IMSA
    • NASCAR
    • Extreme E
    • Dakar
  • Galleries
  • About/Contact
  • Privacy Policy

© 2020 Motorsport Media Services Ltd

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In