Ferrari and Williams have shown that they have signed the new Concorde 2021-25 agreement with the Formula One organization and the FIA, consolidating their long career in the championship.
Maranello is the time for 10 existing groups to officially announce that it has registered, following a previous McLaren on Tuesday.
Today is the deadline for the early signing of the new agreement, with the groups guaranteed a monetary bonus if they complete it. The deadline for signing is the end of the month. All groups meet the last deadline.
Ferrari CEO Louis Camilleri said the new deal brings “stability and growth” to the championship.
“We are pleased to have re-signed what is commonly known as the Concorde Agreement, which will be F1 for the next five years,” Camilleri said.
“This is a step to ensure the stability and expansion of the sport.
“We are convinced that collaboration with the FIA and Liberty Media can make F1 even more exciting and spectacular, while maintaining its prestige as the ultimate technological challenge.
“The race is in Ferrari’s DNA and it is no coincidence that Scuderia is the only team that has participated in each and every edition of the FIA Formula One World Championship, fitting as an integral and essential component of its success, today as in the afterlife and above. every single thing in the future.”
F1 boss Chase Carey welcomed Ferrari’s resolve to point out the new terms of the Concorde deal, bringing to the sneak the history of the team’s championship.
“The Scuderia Ferrari and F1 have gone hand in hand since 1950,” Carey said.
“And we are satisfied that this dating will continue for a long time, because it is part of the very DNA of the sport.
“In the way that led to the definition of the new Concorde agreement, we were able to appreciate Ferrari’s constructive role, with the aim of making the pinnacle of motorsport stronger, fairer and more sustainable.
“Now the level is able to paint in combination to make F1 even more impressive and exciting for the millions of enthusiasts around the world who love the sport.”
FIA President Jean Todt added: “We are delighted that Ferrari is a signatory to the new Concorde agreement, the three-way agreement that guarantees a long solid run for the FIA Formula One World Championship.
“This is the pinnacle of motorsport and it is natural that the most successful team in this series, in which it has been the protagonist, remains for many years”.
On Tuesday night, Williams the 3rd team to verify that he has signed the new deal.
“The new Concorde deal represents a first step forward for F1 and Williams,” said Claire Williams, the team’s deputy director.
“As one of the oldest groups in the sport, we are pleased to see the long-term direction of F1 shown for the next racing era.
“Our expectation, aligned with Liberty Media, is that this upcoming era will be characterized by closer and more exciting races due to the new regulatory platform, which includes a fairer profit distribution and a top cap for our sport.
“The deal is a major step in the progression of F1, and it also represents an opportunity for Williams to continue our adventure at the front of the grid.”