The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams and the Formula One Group which dictates the terms by which the teams compete in races, and how the television revenues and prize money is shared. There have been eight versions of the Concorde Agreement, all of which terms were kept strictly secret: the first one was signed in 1981, with newer agreements being signed in 1987, 1992, 1997, 1998, 2009, 2013; the current agreement was signed in 2021. The secrecy was broken by racing journalist Forrest Bond, when the 120-page 1997 Concorde Agreement was published at the end of 2005 by RaceFax.[1]
The intent of the agreements is to encourage professionalism and to increase the commercial success of Formula One. Conditions of the agreement generally include the obligation of the teams to participate in every race, hence making the sport more reliable for broadcasters, who were expected to invest heavily to acquire television broadcast rights, and a percentage of the sport's commercial revenue in return for the teams.
^"The Concorde Agreement". RaceFax.com. Archived from the original on 3 August 2008. Retrieved 23 August 2008.
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The ConcordeAgreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams and the Formula One Group which...
Concorde (/ˈkɒŋkɔːrd/) is a retired Anglo-French supersonic airliner jointly developed and manufactured by Sud Aviation (later Aérospatiale) and the British...
and FISA withdrew its sanction from races. The result was the 1981 ConcordeAgreement, which guaranteed technical stability, as teams were to be given reasonable...
ConcordeAgreement. At the 2012 British Grand Prix, Ecclestone announced that every team had agreed "in principle" to the terms of the new Concorde Agreement...
commercial rights of F1. Disputes were settled by March 1981 when the ConcordeAgreement gave FOCA the right to negotiate TV contracts. Under previous arrangements...
Retrieved 8 February 2024. "Confirmed: All 10 teams reach new Formula 1 ConcordeAgreement". Formula1.com. 19 August 2020. Retrieved 8 February 2024. "Team Statement"...
to Peter Sauber and granted a 2010 entry. Due to issues with the ConcordeAgreement, the team remained as "BMW Sauber" for the 2010 season. In March 2010...
in the late 1970s, was chiefly financial; under the terms of the ConcordeAgreement, Ecclestone and his companies also controlled the administration,...
within a 25 m (82 ft) zone either side of the pit box has passed. The ConcordeAgreement, which governs Formula One, was renewed at the 2009 Hungarian Grand...
bargaining with Bernie Ecclestone for an agreeable extension to the 1997 ConcordeAgreement, the contract by whose terms the teams compete in Formula One. In...
association lost its purpose as the teams came to individual agreements ahead of a new ConcordeAgreement in 2013. FOTA was formally dissolved in 2014. In May...
role, Mosley and Marco Piccinini negotiated the first version of the ConcordeAgreement, which settled a long-standing dispute between FOCA and the Fédération...
Japanese Grand Prix. The 2007 season heralded the end of the existing ConcordeAgreement between the existing Formula One constructors and Bernie Ecclestone...
new ConcordeAgreement was signed on 1 August 2009 by the then FIA president Max Mosley and all of the existing teams at the time. The new agreement provides...
2005 Red Bull Racing RB1. Some teams felt that this infringed the ConcordeAgreement as each team is expected to design their own car. Toro Rosso claim...
asked to sign the first ConcordeAgreement, which would set Formula One on course to become a profitable business. The agreement required teams to lodge...
eventually resolved by a revenue-sharing deal called the ConcordeAgreement. Subsequent ConcordeAgreements were signed in 1987 and 1992, but in 1996, McLaren...
that the terms of the ConcordeAgreement prevented Formula One from being broadcast exclusively on pay-per-view, but the Agreement did not prevent a shared...
Smith, Luke (19 August 2020). "All 10 Formula 1 teams sign up for new ConcordeAgreement". Autosport. Archived from the original on 4 December 2020. Retrieved...
of the ConcordeAgreement. Both Spyker and Williams claimed that Super Aguri (and both Red Bull teams) had broken Schedule 3 of the Agreement which states:...
and Max Mosley. Through the teams' and the FIA's signing of the 1st ConcordeAgreement concocted by Ecclestone and Mosley, they officially set newly organized...
Smith, Luke (19 August 2020). "All 10 Formula 1 teams sign up for new ConcordeAgreement". Autosport. Archived from the original on 4 December 2020. Retrieved...
championship and sold to another entrant) is forbidden by the ConcordeAgreement. The ConcordeAgreement is the contract between the FIA, the F1 teams and Formula...
Retrieved 3 March 2021. "CONFIRMED: All 10 teams reach new Formula 1 ConcordeAgreement". Formula1. 19 August 2020. Archived from the original on 4 October...
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