Formula 1 Finalises New Concorde Agreement Through 2030

Formula 1 Stakeholders Sign New Concorde Agreement Until 2030

Formula 1, the FIA, and all 11 competing teams have officially signed a new Concorde Agreement, securing the commercial and regulatory structure of the sport from 2026 to 2030.

This critical contract governs how money, rules, and responsibilities are shared between:

• The FIA (governing body)

• Formula One Management (FOM) (commercial rights holder)

• The teams

FIA to Receive More Funding Under New Deal

A key feature of the new agreement is a revised financial framework, designed to bolster:

•  Race regulation and direction

•  Stewarding and technical expertise

•  Operational support and modernization

•  Volunteers and grassroots infrastructure

The FIA, previously receiving around $40 million annually, has successfully lobbied for an increased share to enhance its role in managing the championship.

What Is the Concorde Agreement?

• Named after the Place de la Concorde in Paris, where the first version was signed in 1981.

• Ensures governance stability, a financial structure, and regulatory clarity.

• Terms are typically kept confidential.

What the Leaders Are Saying

F1 CEO Stefano Domenicali:

“This agreement ensures F1 is in the best possible position to continue to grow around the world.”

FIA President Mohammed Ben Sulayem (re-elected for another 4-year term):

“This agreement allows us to continue modernising our regulatory, technological, and operational capabilities.”

Linked to Major 2026 Regulation Overhaul

The new Concorde Agreement aligns with F1’s upcoming 2026 rule changes, including:

• Smaller and lighter car designs

• New engine specs: ~50% electrical power

• Introduction of fully sustainable fuels

• Increased focus on environmental sustainability and innovation

This long-term deal is expected to provide a stable foundation for technological progress and global expansion of the sport.