Formula One Teams Sign Participation Agreement Through 2025

It means the grid will stay as it is currently for another five seasons.

Formula 1 have announced all 10 teams have signed a new deal to continue to participate.

Known as the Concorde Agreement, it ties all the current squads to the sport until the end of 2025.

Chairman and CEO Chase Carey says, combined with new rules in 2022, it's the start of a more competitive F1 with closer racing. 

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