Earlier this week, the Financial Times reported that Apple was in active negotiations to acquire the streaming rights for Formula 1 in the United States.

now builds on that report and says that “barring a last-minute change,” Apple is poised to secure this deal.

From today’s report:

Apple has submitted a bid worth at least $150 million a year to stream the races starting in 2026. And ESPN isn’t going to try to match or beat that, according to a source familiar with negotiations.

So barring a last-minute change, it looks like Apple, which already has deals to stream some pro baseball games, and all of Major League Soccer’s games, will have a third sports streaming offering next year.

Following the Financial Times report on Tuesday, that Apple had submitted an offer over between $150 million and $200 million per year for the rights to F1 streaming in the US. ESPN currently holds those rights and pays around $90 million annually. ESPN’s deal expires after this F1 season, so Apple is set to take the wheel starting with the 2026 season.

If the deal goes through, it will mark a significant expansion of Apple’s sports ambitions. Currently, Apple TV+ is the exclusive home for . Apple TV+ also streams exclusive MLB games each week through its Friday Night Baseball broadcast.

It’s also a big brand synergy opportunity for Apple, following its successful debut .

There are, of course, many questions about how Apple will stream F1. Presumably it will exist alongside Apple TV+ and MLS Season Pass as a separate streaming package. It’s also unclear what the deal will mean for F1 TV, as we questioned earlier this week. It’s possible, or perhaps likely , that Apple will obtain exclusive rights to F1 streaming in the US and therefore withhold access from F1 TV.

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