Formula 1 Secures its Future until 2030 with the New Concorde Agreement
Formula 1, the Fédération Internationale de l’Automobile (FIA), and the eleven participating teams have formalized the ninth Concorde Agreement. This crucial agreement establishes the regulatory, commercial, and governance framework of the championship until the year 2030. The contract was signed by the main actors in the competition: Formula 1, as the holder of commercial rights; the FIA, as the governing body; and the teams competing in the World Championship. The objective is to ensure that everyone is “fully aligned” for the next five years, a crucial period that coincides with the new technical era that will begin in 2026, with innovative regulations for power units and single-seaters.The new Concorde Agreement will allow the FIA to make greater investments in improving sporting regulations, race direction, supervision, and technical development. The goal is to strengthen the championship and offer a more attractive product for fans, television networks, and commercial partners. The official statement highlights that “this means that the sport can continue to evolve, providing exciting technological innovations and high-level sporting action, all within a stable and structured regulatory framework.” The signing of the new agreement comes at a time of unprecedented momentum for Formula 1, with record audience growth, a dynamic calendar, and greater connection with the young public. These factors reinforce the championship’s position as one of the most followed sports competitions worldwide.The agreement reinforces the joint commitment to continue driving the growth of the sport and consolidate the significant expansion experienced in recent years, both in audience and global reach.
Formula 1
