System One house owners Liberty Media is not going to comply with the instance of the game’s earlier regime and set the ten groups towards one another when negotiating the subsequent industrial deal in 2026, in line with CEO Greg Maffei.

F1’s main stakeholders are sure by the Concorde Settlement, which outlines the industrial phrases every will compete beneath. The following deal will run from 2026 till 2030.

– Watch System One all season lengthy on ESPN networks

Launched by former F1 head Bernie Ecclestone in 1981, negotiations round Concorde Agreements would usually be fractious, with groups vying to get for one of the best deal for themselves.

Nevertheless, Liberty Media — who took management of the game in 2017 — need to comply with the NFL method of getting the groups negotiate with the game’s greatest pursuits in thoughts.

“The prior regime actually did put lots of time in having the groups compete towards one another,” Maffei mentioned. “In lots of circumstances, they loved simply getting an edge on one another, moderately than fascinated about learn how to develop the game.

“We have tried to take actually a web page out of, I might say in some methods, the NFL in america: compete onerous on Sunday, however on Monday [it’s] league first.

“We actually wish to develop the game collectively. The groups have embraced that, and profited from that, as a result of they’ve not solely seen the expansion in F1 revenues and their share of the income in their very own sponsorship, however we have additionally seen development within the worth of groups.”

Maffei nonetheless expects there to be some areas the place the groups don’t agree.

“There are absolutely points we’ll combat over. What a shock: they want to earn more money. I do not begrudge them that,” he mentioned.

“I believe a few of that, they need, would possibly come out of our pocket. However typically, they admire we have tried to take the lengthy view, and we attempt to take the view that we should always all revenue collectively.”

Liberty’s first Concorde Settlement was negotiated throughout the Covid-19 pandemic in 2020 to start the next season and carried out a funds cap of $135 million per group, the primary of its form in F1 historical past.

The game has loved an enormous growth of worldwide recognition beneath Liberty’s stewardship.