Formula 1 stakeholders have signed a new Concorde Agreement, cementing the governance and commercial framework for the sport until 2030.

The Concorde Agreement, named after the Place de la Concorde in Paris where the first contract was finalised in 1981, outlines the relationship between the FIA, F1 commercial rights holders, and the 11 teams. It governs revenue distribution, regulatory oversight, and operational responsibilities across the championship.

Key Details of the 2026-2030 Concorde Agreement

• The deal replaces the previous agreement, which was due to expire at the end of 2025.
• A revised financial arrangement will allow the FIA to invest further in race regulation, stewarding, technical expertise, and race direction, according to an FIA statement.
• The new contract aligns with the regulation overhaul coming to F1 in 2026, including major changes to car design, engine specifications, and the introduction of fully sustainable fuels.

FIA president Mohammed Ben Sulayem, recently re-elected unopposed for a second four-year term, emphasized the agreement’s importance:
“This deal 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 F1 remains at the forefront of technological innovation and sets new standards in global sport.”

F1 president and CEO Stefano Domenicali highlighted the long-term benefits:
“This agreement ensures F1 is in the best possible position to continue to grow around the world.”

What Fans Can Expect in 2026

The new Concorde Agreement coincides with a radical technical overhaul for the sport:

• Cars will be smaller and lighter.
• Engines will feature an almost 50-50 split between internal combustion and electric power.
• Sustainable fuels will become mandatory, marking a major step toward F1’s environmental goals.

The signing of the Concorde Agreement follows months of negotiation between teams and F1, with commercial terms largely kept confidential. This long-term deal secures both the financial stability and regulatory structure needed to support Formula 1’s global growth over the next five years.