The Concorde Agreement governs relationships in Formula 1

The Concorde Agreement is a pivotal contract in Formula 1, binding the FIA, commercial rights holder, and teams together. Established to prevent the fragmentation of the sport, it covers revenue sharing, governance, and team commitments. The current version includes a Commercial Concorde Agreement confirmed in March 2025 and a Concorde Governance Agreement signed in December 2025, effective through 2030. New teams, like Cadillac entering in 2026, must pay anti-dilution fees to existing teams to maintain prize fund distribution. While the full text of the agreement remains unpublished, its historical significance cannot be understated.

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