FIA, F1, and all teams agree to new Concorde Agreement through 2030

The FIA, Formula 1, and all 11 teams have finalized a new Concorde Agreement that will govern the sport's commercial and regulatory landscape through the end of the 2030 season. This ninth iteration of the foundational contract, which takes effect in 2026, solidifies the framework for prize money distribution and collective decision-making for the coming years.

Why it matters:

The Concorde Agreement is the bedrock of Formula 1, defining the relationship between the sport's governing body, its commercial rights holder, and the competing teams. Reaching a long-term agreement through 2030 provides crucial stability, allowing all stakeholders to plan major technical and financial investments with confidence. This is particularly vital as the sport prepares for a new era of technical regulations set for 2026.

The details:

• The agreement finalizes a process that began earlier this year when a commercial deal was signed in March, with subsequent negotiations focused on governance.
• While the specific financial and governance details remain confidential, the contract covers the critical pillars of how prize money is allocated and how future rule changes are proposed and ratified.
• The new contract period is set to run from January 1, 2026, to December 31, 2030.

Looking ahead:

With the foundational commercial and governance agreements now locked in through the end of the decade, the focus for teams and the FIA can fully shift to the upcoming regulatory cycle. The stability provided by this long-term pact is expected to underpin the development of the 2026 cars, which will feature new power unit and chassis rules, and encourage continued growth and investment in the championship.