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 until the year 2030. This contract was signed by the main actors of the competition: Formula 1, as the holder of commercial rights; the FIA, the governing body of world motorsport; and the teams competing in the World Championship. The main objective is to ensure the alignment of all those involved in 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 agreement will also allow the FIA to make greater investments in the improvement of sporting regulations, race direction, supervision, and technical development. This aims to strengthen the championship and offer a more attractive product for fans, television networks, and commercial partners. According to the official statement, the sport will be able to continue evolving, providing exciting technological innovations and high-level sporting action, all within a stable and structured regulatory framework. The signing of the new Concorde Agreement comes at a time of unprecedented momentum for Formula 1, which combines record audience growth, a dynamic calendar, and a greater connection with the young public. These factors reinforce the championship’s position as one of the most followed sports competitions worldwide.The new Concord Pact reinforces the joint commitment to continue promoting the growth of sport and consolidate the significant expansion experienced in recent years, both in audience and global reach.
Formula 1
