LONDON — Ferrari and McLaren became the first teams to confirm they have signed the new F1 Concorde Agreement on the future of Formula One racing.
The agreement will cover the 2021 through 2025 seasons and follows years of intense negotiation on the sport’s commercial side.
“We are pleased to have signed up again … It is an important step to ensure the stability and growth of the sport,” Ferrari CEO Louis Camilleri said in a statement.
“We are very confident that the collaboration with the FIA and Liberty Media can make Formula One even more attractive and spectacular.”
F1 announced Wednesday morning that all 10 teams had signed the new deal.
Ferrari is the only team to have taken part in every season of the F1 World Championship from 1950.
“This is the pinnacle of motorsport and it is natural that the most successful team ever in this series in which it has always been a protagonist, should continue to be so for many years to come,” FIA president Jean Todt said in the Ferrari statement.
The sport has been governed under the terms of successive Concorde Agreements since 1981. The teams, the FIA and F1 organizers keep the agreements’ contents secret.
“Formula 1 has taken another important stride on the road to a sustainable, strong future with the new agreement. This is the right deal at the right time for the sport, its owners, its teams and, most of all, the fans,” McLaren CEO Zak Brown said in a statement.
“A more equitable sport is better for everyone: greater balance in the sharing of revenues among all the teams and clearer, simpler governance that cuts through vested interests and puts the sport first.”
ANAHEIM, California – Ken Roczen will make the move from HRC Honda to H.E.P. Motorsports with the Progressive Ecstar Suzuki team, ending a long and eventful offseason that saw his split from his longstanding team after he committed to running World Supercross (WSX).
“H.E.P. Motorsports is thrilled to announce that the team has signed Ken Roczen as its premier rider for the 2023 season,” the team announced on Instagram. “Former AMA Motocross champion Roczen will be aboard a Suzuki RM-Z450. Roczen, who won his most recent championship on a Suzuki, will be reunited with the brand and bring his exciting style, determination, and grit back to the RM Army.
“Ken Roczen will compete in the upcoming 2023 Supercross and Motocross Championship series which is set to start on January 7 at Anaheim Stadium in Southern California.”
For Roczen, it is a return to the bike of his youth and on which he had some of his greatest professional success.
“This thing has been going on for weeks and weeks and weeks in the making, but there was so much uncertainty,” Roczen told NBC Sports during Monster Energy Supercross Media Sessions. “It was a very unique situation. I just finally signed two nights ago, so it’s really only legit once the ink hits the paper. It’s been in the works for a long time, but there were just a lot of questions and a lot of input from a lot of other teams too.
“Good things take time, and I’m okay with that. I grew up riding Suzuki. Ot’s like a homecoming. It’s a special feeling”
Roczen won the 2016 Lucas Oil Pro Motocross Championship on a Suzuki before making the move to Honda. That year he won nine of 12 Nationals and finished no worse than second as he easily outpaced Eli Tomac by 86 points. He finished third in his next Pro Motocross outing in 2018 after sitting out the outdoor season in 2017.
“I am beyond excited to reconnect with Suzuki for the 3rd time in my career. We’ve had a lot of success in the past and I’m looking forward to seeing what we can accomplish together in our future.” Roczen said in the Instagram post.