We would like to thank all the teams for their continued commitment over the past few weeks and, as robust discussions emerge, the agreement of all the teams lays an important foundation for the long-term future of the sport. "This year has been unprecedented for the world and we are proud that Formula 1 has come together in recent months to return safely to racing. We stated earlier this year that the Concorde agreement would take extra time to agree due to the fluidity of the pandemic and we are delighted to have been able to reach an agreement of the ten teams on plans for the long-term future of our sport by August. All our fans want to see closer races, bike-to-bike action and every team has the chance to get on the podium. .

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