The 2026 Concorde Governance Settlement has been signed by the FIA, System 1 and its 11 groups, permitting for additional funding in race regulation, race course, stewarding and technical experience.
The Business Concorde Settlement between F1 and the groups was introduced earlier this 12 months, and collectively the 2 commitments represent the general Concorde Settlement that covers the regulatory framework and business and governance phrases for the game as much as 2030. As a part of what have been described as “strong discussions,” the share of revenues which might be allotted to the FIA has been agreed, with the intention of frequently evolving the game, that F1 says has “unprecedented momentum” at current.
“The ninth Concorde Settlement secures the FIA System 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 mentioned.
“I wish to thank Stefano Domenicali and his workforce in what has been a powerful 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 guaranteeing that System 1 stays on the forefront of technological innovation, setting new requirements in international sport.”
In keeping with Ben Sulayem’s feedback, a press launch asserting the settlement says it should “allow the FIA to take a position additional in improved race regulation, race course, stewarding, and technical experience for the advantage of 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 secure and structured regulatory framework.”
Domenicali, F1 president and CEO, says the collaborative strategy from all stakeholders has given the game sturdy foundations to develop from, because it enters an period of latest rules and the addition of Cadillac to the grid.
“At present is a vital day for System 1,” Domenicali mentioned. “As we rejoice 75 years of this unimaginable sport, we’re proud to jot down the subsequent chapter in our lengthy and wonderful historical past. This settlement ensures that System 1 is in the very best place to proceed to develop all over the world.
“I wish to thank the president of the FIA, Mohammed Ben Sulayem, and all of the groups for the collaboration and willpower to realize the most effective outcomes for your entire sport in our discussions. We now have an enormous quantity to be happy with, however we are also centered on the alternatives and thrilling potential for System 1 within the years forward.”
