Dec.15 (GMM) Formulation 1’s long-term future was formally secured in Tashkent final Friday because the FIA, Formulation 1 Group and all 11 groups signed the ninth Concorde Settlement, locking in governance and participation by way of the top of the last decade.
The deal, signed on the sidelines of the FIA Basic Meeting and prize-giving week in Uzbekistan, completes the framework first outlined earlier this yr with the industrial facet of the settlement, and confirms grid stability by way of 2030 – together with the incoming Cadillac staff.
FIA president Mohammed Ben Sulayem stated the settlement offers “equity, stability, and shared ambition,” whereas F1 CEO Stefano Domenicali known as it “an necessary day” that ensures the game can proceed its international development.
The signing got here as Ben Sulayem was additionally formally re-elected for a second four-year time period as FIA president, regardless of ongoing controversy surrounding governance reforms and the election course of itself.
Ben Sulayem was unapologetic in Tashkent, insisting he would change “nothing” about his first time period and dismissing criticism as a part of the job. The 64-year-old additionally drew consideration on the FIA prize gala by playfully ruffling new world champion Lando Norris’ hair on stage – a second that rapidly unfold on-line.
Absent from the ceremony was Max Verstappen. The FIA confirmed the four-time world champion and 2025 runner-up was excused from the necessary occasion on medical recommendation, citing flu-like signs.
