P1racenews AI automatic summary:
The FIA has secured a cash boost from a new Formula 1 Concorde Agreement that will allow it to invest in improving the way it polices the championship
The FIA has secured a cash boost through the new Formula 1 Concorde Agreement to improve its policing methods in the championship. The previous agreement had spanned from 2021 to 2025, involving F1 management, FIA, and teams. A recent bilateral agreement set commercial aspects from 2026 to 2030, pending final approval on governance issues. After negotiations between Liberty Media, FIA president Ben Sulayem, and others, a signed framework enhances FIA’s funding for regulating grand prix racing. This increased FIA contribution from F1 signifies a positive step in evolving race regulation, direction, stewarding, and technical expertise for F1. The stability provided by the new Concorde Agreement sets F1 on a smooth trajectory towards the upcoming rule changes in 2026, a sentiment echoed by F1 CEO Stefano Domenicali.
