FIA, Formula 1, and Teams Sign Ninth Concorde Agreement for Stability
The FIA and Formula 1 Group have officially signed the ninth Concorde Agreement, establishing a robust framework for the future of the FIA Formula One World Championship. This five-year agreement, which includes all eleven race teams, aims to bolster the sport’s governance and ensure its stability through 2030.
Significance of the Ninth Concorde Agreement
This newly ratified agreement marks an essential development in the professionalization of Formula 1. It follows the earlier signing of the 2026 Commercial Concorde Agreement and reflects ongoing efforts to enhance the sport’s structure. The Concorde Agreements, initially introduced in 1981, are designed to unify stakeholders under a common vision and promote fairness, technological advancements, and operational excellence.
Key Features
- Secures participation of all teams through the end of the decade.
- Paves the way for enhanced regulatory and technical evolution of Formula 1.
- Promotes exciting innovations in technology and sporting action.
- Strengthens the partnership between the FIA and Formula 1 Group.
This agreement underlines the commitment of both the FIA and Formula 1 Group, alongside all participating teams, to foster continued growth and development in the sport. The proactive approach aims to sustain the impressive expansion witnessed in recent years.
Voices from FIA Leadership
Mohammed Ben Sulayem, President of the FIA, emphasized the importance of this agreement for the championship’s long-term future. He praised the collaboration with Stefano Domenicali and his team, noting the shared ambition to maintain fairness and stability in the sport.
Stefano Domenicali, President and CEO of the Formula 1 Group, also highlighted the significance of this milestone, particularly as the sport celebrates seventy-five years of history. He acknowledged the collaboration with the FIA and teams, focusing on the opportunities for future growth.
Looking Ahead
The ninth Concorde Agreement positions the FIA Formula One World Championship for a promising future, backed by record viewership and a vibrant race calendar. With increasing interest from younger audiences, the sport is entering this new chapter with unprecedented momentum and excitement.
