The FIA, Formula 1 Group, and 11 race teams unite to sign the ninth Concorde Agreement, a pivotal five-year pact ensuring the sport's strength and stability. This agreement, a multi-year Concorde Governance Agreement, solidifies the FIA Formula One World Championship's future until 2030, marking a new era of collaboration between the FIA and Formula 1 Group. With a focus on professionalization, the agreement promises enhanced reliability, global reach, and stability for teams, fans, and broadcasters alike. The FIA, as the global governing body for motor sport, and Formula 1 Group, the Commercial Rights Holder, have forged a crucial contract defining the regulatory framework and governance terms of the FIA Formula One World Championship. This contract, the ninth Concorde Agreement, is a significant step towards the sport's professionalization and global expansion, building upon the success of the 2026 Commercial Concorde Agreement. The agreement's introduction in 1981 aimed to foster fairness, technological innovation, and operational excellence, uniting stakeholders in a shared vision for the sport's structured governance and growth. The ninth Concorde Agreement signifies a new chapter in Formula 1 history, with the FIA and Formula 1 Group collaborating to ensure the sport's continued success. It confirms the participation of all FIA Formula One World Championship teams, including the upcoming Cadillac Formula 1 team, through the end of the decade, providing a stable foundation for the sport's evolution. The agreement highlights the commitment of the FIA, Formula 1 Group, and teams to expand and develop the sport, driving its recent remarkable growth. The contract empowers the FIA to invest in improved race regulation, race direction, stewarding, and technical expertise, enabling the sport to evolve while maintaining a stable regulatory framework. With record viewership, a dynamic race calendar, and increasing younger audience engagement, the FIA Formula One World Championship embarks on this new chapter with unprecedented momentum. Mohammed Ben Sulayem, President of the FIA, expressed pride in the agreement, emphasizing the dedication and collaboration that made it possible. Stefano Domenicali, President and CEO of Formula 1 Group, celebrated the opportunity to write the next chapter in Formula 1's history, ensuring its global growth and continued success. The FIA, founded in 1904 with offices in Paris, London, and Geneva, unites 245 Member Organisations across five continents, promoting innovation, safety, sustainability, and equality in motor sport and mobility.
