F1's New Governance Agreement: A Stable Future
Update: 2025-12-12
Description
Formula Ones Future Secured: New Concorde Agreement SignedThe Formula One community has reached a significant milestone with the official signing of the new Concorde Governance Agreement for the 2026-2030 seasons. This agreement, along with the previously signed commercial deal, outlines the sports structure and operations, including voting rights, entry fees, and responsibilities of the governing body. The FIA and Formula One Management announced this at the FIA General Assemblies in Uzbekistan, marking a crucial step for the sports long-term stability. The new deal also introduces a restructured entry fee system, with funds reinvested into improving governance aspects like stewarding and marshalling. Furthermore, a change in the voting process gives the FIA and Formula One Management more influence to enact regulatory changes, aiming for a more stable platform for the sports future.
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