Concorde Governance Agreement Signed for 2026 and Beyond
Key Developments:
The FIA, Formula 1, and its eleven teams have officially signed the 2026 Concorde Governance Agreement, setting a framework for the sport’s regulations and governance through 2030. This agreement aims to bolster investment in race regulation, stewarding, and technical capabilities.
Financial and Regulatory Commitments:
In conjunction with the previously announced Commercial Concorde Agreement, this legal framework details revenue allocations to the FIA and emphasizes continued evolution in a sport currently experiencing “unprecedented momentum,” according to F1.
FIA President Mohammed Ben Sulayem remarked, “The ninth Concorde Agreement secures the FIA Formula 1 World Championship’s long-term future… This agreement allows us to continue modernizing our regulatory, technological, and operational capabilities.”
Strategic Investments:
The agreement enables the FIA to enhance its investment in race regulation and technical expertise, promising an evolution of the championship that prioritizes innovation and the quality of racing experiences for fans and stakeholders.
Leadership Statements:
F1 President and CEO Stefano Domenicali highlighted the importance of collaborative discussions among all stakeholders, stating, “Today is an important day for Formula 1… This agreement ensures that Formula 1 is in the best possible position to continue to grow around the world.”
Both leaders emphasized the role of this agreement in supporting the upcoming regulatory changes and the entry of new teams, like Cadillac, into the F1 grid.
Conclusion:
This foundational agreement marks a significant moment for Formula 1, heralding a future focused on stability, growth, and technological advancement within the sport.
