Rumors

Even with the new Concorde Agreement, Ferrari will receive bonuses

Ferrari continues to receive bonuses even under new Concorde Agreement

21 May at 09:49
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    Even under the new Concorde Agreement, Ferrari is reportedly getting millions in bonuses that other teams do not receive, Motorsport.com confirms. This time there does seem to be a maximum amount of the extra money Ferrari will receive annually. From 2026 to 2030, the new Concorde Agreement will apply.

    Ferrari may receive some money again

    The Concorde Agreement is a contract between the Formula 1 teams, the FIA and the FOM. In it are all kinds of agreements regarding television revenue and prize money. Motorsport.com saw the document, which was apparently already in the hands of Formula 1 teams, before it was announced.

    So Ferrari will most likely keep the bonus payments, but smaller amounts of money do seem to be involved. Ferrari gets these bonus payments because of the legendary brand and historical value of the Italian Scuderia. This bonus is independent of the performance the team shows on the track.

    This article was written in collaboration with Sophia Crothall.