FIA reach agreement with F1 and all teams on major new contract

The FIA has agreed the final stages of the Concorde Agreement with Formula 1 and all 11 teams until the end of the 2030 season. 

The Concorde Agreement is a contract between the FIA, Formula 1, and all grand prix teams which covers the commercial and governance of the championship, including the distribution of prize money and the decision-making processes for rule changes.

Earlier this year, in March, all parties signed a commercial Concorde Agreement, with further talks taking place over one for the governance of F1 until 2030. 

The exact details of the Concorde Agreement are kept secret and not revealed to the public, with this deal being the ninth such and is set to cover the period from January 1st, 2026, to December 31st, 2030. 

In a statement, it was confirmed that as part of the deal and the "momentous expansion" of F1 in recent years, terms for the FIA to "invest further in improved race regulation, race direction, stewarding, and technical expertise" had been agreed.

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Reactions from F1 and the FIA

"Today is an important day for Formula 1. As we celebrate seventy-five years of this incredible sport, we are proud to write the next chapter in our long and amazing history," said F1 CEO and president, Stefano Domenicali.

"This agreement ensures that Formula 1 is in the best possible position to continue to grow around the world. I want to thank the President of the FIA, Mohammed Ben Sulayem, and all the teams for the collaboration and determination to achieve the best results for the entire sport in our discussions.

"We have a huge amount to be proud of, but we also are focussed on the opportunities and exciting potential for Formula 1 in the years ahead."

FIA president Mohammed Ben Sulayem also explained how the investment into race direction would work. 

"The ninth Concorde Agreement secures the FIA Formula One World Championship’s long-term future and I am proud of the dedication that has been invested in this process," he said.

"I would like to thank Stefano Domenicali and his team in what has been a strong collaboration, building a framework grounded in fairness, stability, and shared ambition. 

"This agreement allows us to continue modernising our regulatory, technological, and operational capabilities, including supporting our race directors, officials, and the thousands of volunteers whose expertise underpin every race. 

"We are ensuring that Formula 1 remains at the forefront of technological innovation, setting new standards in global sport."