Image source: RacingNews 365
P1racenews AI automatic summary:
The Concorde Agreement has been up for renegotiation ahead of 2026, with a full agreement finally being reached.
The FIA has finalized the Concorde Agreement with Formula 1 and all 11 teams until the 2030 season. This agreement governs the commercial and governance aspects of the championship, including prize money distribution and rule change decisions. The details of the agreement are confidential, but it covers the period from January 1st, 2026, to December 31st, 2030. As part of the deal, the FIA will invest in enhancing race regulation, direction, stewarding, and technical expertise. This marks the ninth such agreement between the parties, confirming a “momentous expansion” for F1 in recent years.
