P1racenews AI automatic summary:
F1, the FIA and all 11 teams sign 2026 Concorde Governance Agreement.
All 11 teams, F1, and the FIA have signed the Concorde Governance Agreement, setting the framework for a new five-year deal until the end of 2030. F1 President Stefano Domenicali expressed pride in this agreement, emphasizing the sport’s growth potential worldwide. The FIA President, Mohammed Ben Sulayem, highlighted the dedication put into the agreement, ensuring stability and shared ambition for Formula 1’s future. The Concorde Agreement, a crucial document for F1’s operations, dates back to the 1980s and outlines various key conditions such as prize money distribution and race limits. This ninth edition will oversee the introduction of new regulations for power units and chassis starting next season.
