Red Bull Racing was the first to sign the Concorde Agreement: 'Now better racing'

Last week it was announced that all ten Formula 1 teams have signed the new Concorde Agreement. According to Christian Horner, Red Bull Racing was the first team to sign and is pleased that everyone is on board.

Red Bull was the first to sign

‘’Negotiations were lengthy, especially given the global challenges facing the sport but in some respects they were also remarkably straightforward in comparison with previous years. Negotiating with Bernie Ecclestone in the past was always good fun, always a bit different, but Liberty were scrupulously fair with the negotiations and we were in fact the first team to sign it in Barcelona’’, let Horner know in his column for Red Bull.

‘’You have to take a holistic view on these things. That is what the agreement was, that is what Chase Carey and Liberty were putting on the table and it was up to the teams if they chose to take it or leave it. There was of course back and forth on certain points and there are elements that please some teams more than others, but in the end everyone came to agree on the best way forward for the good of the sport.’’

Better races in F1

For Red Bull Racing, the Concorde Agreement is a new opportunity to close the gap to Mercedes. Not only will the potential financial gap be closed, but Red Bull now has two teams with AlphaTauri and Red Bull Racing, both of which will receive more money. An advantage over Mercedes.

‘’It is an important agreement for F1 and although the details are confidential, it provides stability and continuity for the future so we are pleased to get it over the line. Liberty have definitely achieved some good things for the sport in terms of opening it up and generating interest from a new fan base which can only be a positive. The most important challenge now is getting the 2022 regulations right to promote better racing'', concludes the Red Bull team boss.