Christian Horner and Toto Wolff set differences aside as duo unite over key F1 issue
Christian Horner and Toto Wolff often clash in the paddock, but the two team principals are united on a key issue facing F1 teams.
Christian Horner and Toto Wolff are both agreement that the ‘basics’ and ‘fundamentals’ of the proposed new F1 Concorde Agreement are sound. The current terms, signed in 2020, will expire at the end of 2025.
The document is the foundation on which the current F1 World Championships run, dictating how much of the television money and prize pot teams are entitled to.
The first Concorde Agreement was signed back in 1981, and it must be approved by all teams on the grid.
Liberty Media CEO, Greg Maffei, confirmed that the teams have already received the first draft of the 2026 agreement ahead of the Monaco Grand Prix. “We’ve just sent out the new draft of our proposed Concorde Agreement,” he told PlanetF1.
“There’s been some discussion with some teams about it, and where it will go, and so we have reason to think it should be relatively easier. I’m sure there are teams who will want more money than we want to give them. There’s always that tension.”
Offering his thoughts on the first draft of the new Concorde Agreement, Wolff said: “I think we got the basic terms on how Formula One sees the next five-year term playing out. There’s some goodness in there.
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“There’s a few things which we will discuss, pros and cons, and of course, there will be some negotiations. But fundamentally we all want to achieve the same: to grow the sport. That means the bottom line grows. And if the bottom line grows, the teams and the sport benefit.”
These comments were echoed by Red Bull boss Horner, who added: “It will be the usual discussion of the teams wanting more and the promoter wanting more, but what we have works relatively well.
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“I think the basics of it are all relatively sound. I think as the sport continues to evolve and grow, there are areas that we can tune the agreement in. But I think the fundamental basis of it is going to be tuning rather than revolution. Sometimes if it’s not broken, don’t fix it.”
The current Concorde Agreement has proven a major stumbling block for new teams, including the heavily-backed Andretti entry, to join the grid. Reports have claimed that measures as drastic as a 10-team entry limit could be on the cards for the new iteration document.