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McLaren the first team to sign Concorde Agreement
McLaren have become the first team to confirm they have signed the Concorde Agreement, committing until the end of 2025.The current Concorde Agreement expires at the end of this season, with the last negotiation period thrashed out under Bernie Ecclestone's CVC. Now under Liberty Media ownership, this new Concorde Agreement will determine the commercial arrangements the teams have with the sport's owners regarding prize money and funding going forward. Most of the teams have indicated that favourable terms have been agreed, and are now signing the Agreement which will bind them to the sport until the end of 2025. McLaren are the first team to sign the Concorde Agreement, with the team...
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