Scuderia Ferrari is currently experiencing one of its worse Formula 1 seasons ever. The car’s weaknesses were exposed lately during the Belgian GP with the Ferrari drivers finishing 13th & 14th unable to climb up the order. There aren’t any positives to take from this race, but there is some great news concerning the team’s future in the sport!

It’s called the Concorde Agreement, the commercial agreement which outlines the terms under which Formula 1 teams will compete in the championship up until 2025. “We are pleased to have signed up again to what is commonly known as the Concorde Agreement, which will regulate Formula One for the next five years,” said Ferrari CEO Louis Camilleri.

“It is an important step to ensure the stability and growth of the sport. We are very confident that the collaboration with the FIA and Liberty Media can make Formula One even more attractive and spectacular, while preserving its status as the ultimate technological challenge. Racing is in Ferrari’s DNA and it is no coincidence that the Scuderia is the only team that has participated in every edition of the FIA Formula One World Championship, becoming an integral and essential part of its success, today as in the past and, above all, in the future.”

If you are having doubts about Ferrari’s capability to come back to winning ways, then we assure you that Enzo Ferrari’s words have never left the team’s mentality. They are going to come back as strong as ever. The challenge is not easy, expectations are low, but we will always support them.