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 path, 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 business and governance phrases for the game as much as 2030. As a part of what have been described as “sturdy discussions,” the proportion of revenues which are allotted to the FIA has been agreed, with the intention of regularly 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 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 want 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 hundreds 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 saying the settlement says it’s going to “allow the FIA to take a position additional in improved race regulation, race path, 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 strategy from all stakeholders has given the game robust foundations to develop from, because it enters an period of latest rules and the addition of Cadillac to the grid.
“At this time is a vital day for System 1,” Domenicali mentioned. “As we rejoice 75 years of this unbelievable sport, we’re proud to write down the following chapter in our lengthy and wonderful historical past. This settlement ensures that System 1 is in the very 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 attain 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.”
