The FIA has informed about all the 11 F1 teams signing the Concorde Agreement on Governance side, with the Commercial already done so back in March.
After the Commercial agreement was signed back in March, the Governance side is done as well after the FIA informed about signing of Concorde Agreement by all the 11 teams. The new agreement will kick in from 2026 onward and run until 2030 covering new bits due to the entry of an 11th team.
The Governance Agreement will define the regulatory framework and governance terms. It is the ninth set of agreement since the start of Concorde as it marks the start of the new era of collaboration, which includes Cadillac in all of the discussions that has taken place.
“The ninth Concorde Agreement secures the FIA Formula One World Championship’s long-term future and I am proud of the dedication that has been invested in this process,” said FIA President Mohammed Ben Sulayem. “I would like to thank Stefano Domenicali and his team in what has been a strong collaboration, building a framework grounded in fairness, stability, and shared ambition.
“This agreement allows us to continue modernising our regulatory, technological, and operational capabilities, including supporting our race directors, officials, and the thousands of volunteers whose expertise underpin every race. We are ensuring that Formula 1 remains at the forefront of technological innovation, setting new standards in global sport.”
At the same time, F1’s Stefano Domenicali stated: “Today is an important day for Formula 1. As we celebrate seventy-five years of this incredible sport, we are proud to write the next chapter in our long and amazing history. This agreement ensures that Formula 1 is in the best possible position to continue to grow around the world.
“I want to thank the President of the FIA, Mohammed Ben Sulayem and all the teams for the collaboration and determination to achieve the best results for the entire sport in our discussions. We have a huge amount to be proud of, but we also are focussed on the opportunities and exciting potential for Formula 1 in the years ahead.”
The FIA further added: “The Concorde Agreement underscores the commitment of the FIA, Formula 1 Group and all teams to continue growing and developing the sport, and to keep driving the momentous expansion it has seen in recent years. The new contract enables the FIA to invest further in improved race regulation, race direction, stewarding and technical expertise for the benefit of the Championship, and means the sport can continue to evolve, providing exciting technological innovation and sporting action for fans, broadcasters and partners, all within a stable and structured regulatory framework. Combined with record viewership growth, a dynamic race calendar, and increasing engagement from younger audiences, the FIA Formula One World Championship enters this next chapter with unprecedented momentum.”
Here’s news on re-election of Mohammed Ben Sulayem
Here’s WMSC meet’s report
Here’s Concorde Agreement on Commercial side
