Toto Wolff and Christian Horner have commented on the ongoing talks over the F1 Concorde Agreement for 2026.

The Concorde Agreement stipulates how Formula 1 will be run - from the regulations🎃 of the races, to the commercial and financial details away from the track.

F1 teams are in talks with Liberty Media, the owners of F1, over the latest version of the agreement which will come into effect 🧔in 2026, when the new 🐓engine regulations also begin.

Liberty Media CEO Greg Maffei had said: “I’m sure there are teams who will want more m🌟oney than we want to give them. There is always that tension.

“But I believe the goodwill that we’ve created, and the general fact that they’re all not only mak🎃ing more money off of F1, but also their own sponsorship deals have been tremendously stronger…

“Look at the success🌊 of sponsorship at Red Bull, McLaren, Ferrari now with their new HP deal.”

Mercedes team principal Wolff commented on the early talks over the new C🐎oncorde Agreement at the F1 Emilia-Romagna Grand Prix in Imola.

“I think we’ve got the basic terms on how Formula 1 sees the next five-ye♏ar term playing out,” Wolff said.

“There is goodness in there. There are a few things we w🔯ill discuss, pros and con✤s.

“Of course there will be some negotiations. But fund🐷amentally you all want to achieve the same - t🦂o grow the sport.

“That means the bottom line grows and, if the bottom line grows, the team💫s benefit.”

Red Bull’s Horner also had his say at Imola.

“It will be the usual discussion of the teams wanting more, and the promoter wanting more,🅘” Horner s𝓀aid.

“But what we have works relatively well.

“The basics of it are relatively sound. As the sport continues tꩵo evolve and grow, there are areas that we can tune the agreement in.

“The fu♏ndamental basis of it is going to be tuning, rather than revolution.

“Sometimes, if it’s not broken, don’t fix it…”