The 2026 Concorde Governance Settlement has been signed by the FIA, Formulation 1 and its 11 groups, permitting for additional funding in race regulation, race route, stewarding and technical experience.
The Industrial Concorde Settlement between F1 and the groups was introduced earlier this yr, and collectively the 2 commitments represent the general Concorde Settlement that covers the regulatory framework and industrial and governance phrases for the game as much as 2030. As a part of what have been described as “strong discussions,” the proportion of revenues which might be allotted to the FIA has been agreed, with the purpose of frequently evolving the game, that F1 says has “unprecedented momentum” at current.
Ben Sulayem formally re-elected as FIA president
“The ninth Concorde Settlement secures the FIA Formulation 1 World Championship’s long-term future and I’m happy with the dedication that has been invested on this course of,” FIA president Mohammed Ben Sulayem stated.
“I wish to thank Stefano Domenicali and his group in what has been a robust collaboration, constructing a framework grounded in equity, stability, and shared ambition. This settlement permits us to proceed modernizing our regulatory, technological, and operational capabilities, together with supporting our race administrators, officers, and the 1000’s of volunteers whose experience underpin each race.
“We’re making certain that Formulation 1 stays on the forefront of technological innovation, setting new requirements in world sport.”
In step with Ben Sulayem’s feedback, a press launch saying the settlement says it’s going to “allow the FIA to speculate additional in improved race regulation, race route, stewarding, and technical experience for the good thing about the championship, and means the game can proceed to evolve, offering thrilling technological innovation and sporting motion for followers, broadcasters and companions, all inside a steady and structured regulatory framework.”
Domenicali, F1 president and CEO, says the collaborative method from all stakeholders has given the game robust foundations to develop from, because it enters an period of recent rules and the addition of Cadillac to the grid.
“Right this moment is a crucial day for Formulation 1,” Domenicali stated. “As we have fun 75 years of this unimaginable sport, we’re proud to put in writing the following chapter in our lengthy and superb historical past. This settlement ensures that Formulation 1 is in the absolute best place to proceed to develop around the globe.
“I need to thank the president of the FIA, Mohammed Ben Sulayem, and all of the groups for the collaboration and dedication to realize the most effective outcomes for the complete sport in our discussions. We’ve an enormous quantity to be happy with, however we are also targeted on the alternatives and thrilling potential for Formulation 1 within the years forward.”
