With the current Concorde Agreement expiring at the end of 2025, it is imperative for the FIA, Formula 1 and F1 teams to open negotiations on a new agreement for the period between 2026-2031. It's clear talks are not going to be easy. For instance, several teams would like it to be forbidden for one owner to own multiple teams. McLaren have made that clear. In that case, Red Bull would have to sell Visa Cash App RB. So a clash seems to be in the making.