Formula 1 Secures Its Future with the New Concorde Agreement Until 2030
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, extending until the year 2030. This contract was signed by the main players in the sport: Formula 1, as the owner of the commercial rights; the FIA, as the governing body; and the teams competing in the World Championship. The main objective is to ensure the alignment of all those involved over the next five years, a crucial period that coincides with the introduction of a new technical era in 2026, with innovative regulations for the power units and single-seaters.The agreement will also allow the FIA to make greater investments in improving sporting regulations, race direction, oversight, and technical development. This aims to strengthen the championship and offer a more attractive product for fans, television networks, and commercial partners. The signing of the new Concorde Agreement comes at a time of unprecedented momentum for Formula 1.The new Concord Pact reinforces the joint commitment to continue promoting the growth of sport and consolidate the significant expansion experienced in recent years.
Official statement from Formula 1
