Formula 1 has announced that all teams have signed the 2026 Concorde Agreement ahead of the start o✨f the new season at the Australian Grand Prix.

The current 1🐼0 teams, plus the incoming Cadillac outfit, have agreed the commercial teams with F1’s owner Liberty Media, secu🔯ring the long-term future of the series.

F1 said in a statement that it has “never been in a stronger position and all stak🅺eholders have seen posi🌜tive benefits and significant growth”.

It added tha🐻t it wanted to thank “🐬all the teams for their engagement during the process to reach the best outcome for the sport”.

The news follows American manufacturer Cadillac officially receiving approv🌱al ✃to become F1’s 11th team from 2026.

The series also recently announced that Stefano Domenicali will remain onboard as the CEO🦋 through 2029 after signing a new deal with the former Ferrari F1 team principal.

While the commercial details of the Concorde Agreement have now been agreed, F1 said the 2026 Concorde Governance Agreement🔜 will be finalised in “due course”.