The FIA has yet to sign the new Concorde Agreement, delaying a crucial deal that shapes Formula 1’s future amid ongoing governance disputes.
The signing of the new Concorde Agreement, which governs the relationship between the FIA, Formula 1, and the teams for the next five years, is still pending. While the FOM (Formula One Management) and the 11 teams have already agreed on the commercial terms, the FIA, responsible for the sport’s governance, has yet to sign.
Behind-the-Scenes Tensions
For months, disagreements have persisted between the FIA, led by Mohammed Ben Sulayem, and Liberty Media, the commercial rights holder of F1. One of the key sticking points is the integration of new teams into the championship.
In particular, the entry of Cadillac in 2026 has raised concerns over the “anti-dilution” fee, a payment meant to compensate existing teams for the addition of a new competitor. This amount has reportedly been set at $450 million, to be distributed among the ten current teams.
The FIA has insisted that the Concorde Agreement also include provisions for a potential twelfth team, aiming to prevent a repeat of the controversy surrounding Andretti’s bid.
Negotiations in the Final Stage
Another point of contention has been the drafting of technical and sporting regulations. Additionally, the FIA is seeking a significant increase in its funding, citing the growing workload and staffing requirements.
However, according to FIA sources, discussions are now in the final stage. Most disagreements regarding regulations and marketing have been resolved, leaving only legal approval before the agreement can be officially signed.
The deal is expected to be finalized soon, ending this period of uncertainty between the key stakeholders in the sport.
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FIA Holds Out on Concorde Pact, F1 Awaits Resolution FIA Holds Out on Concorde Pact, F1 Awaits Resolution
