Article “F1 Andretti Cadillac Bid Rejected: Next Steps in the Concorde Agreement”

F1 rejected the Andretti Cadillac bid in the second stage of the process, citing the need for a works-backed entry in 2028. The current Concorde Agreement includes a $200 million dilution fee, which may change in the future agreement set to take effect in 2026. F1’s Stefano Domenicali stated that the correct protocols were followed, and discussions for the next Concorde will start soon, with little expected change from the current agreement.

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