F1 secures future to 2030 as all 11 teams sign new Concorde Agreement
The FIA, Formula 1, and all 11 teams have ratified the ninth Concorde Agreement, locking in the sport's commercial and governance structure through 2030.
Formula 1, the FIA, and all 11 teams have officially signed the 2026 Concorde Governance Agreement, securing the sport's regulatory and commercial framework until 2030.
The announcement, made on Friday, confirms that the grid will indeed expand, with the explicit mention of "11 teams" signaling the formal inclusion of the sport's newest entrant alongside the existing ten squads.
What has been signed?
This agreement is the second half of the puzzle. The Commercial Concorde Agreement—which dictates how prize money is shared—was already signed by all parties in March.
Now, the Governance Agreement has been ratified. This document defines:
Together, these two contracts form the "Ninth Concorde Agreement," the constitution that governs Formula 1.
The "11 Teams" Confirmation
Perhaps the most significant detail in the official statement is the repeated reference to "all 11 Formula 1 teams."
For years, the existing ten teams resisted expanding the grid, citing concerns over prize money dilution. The signing of this agreement confirms that those commercial disputes have been resolved, paving the way for a 22-car grid in 2026.
Stability for the New Era
With the massive technical regulation changes coming in 2026—featuring active aerodynamics and 50/50 electric-combustion power units—stability off the track was crucial.
"This agreement ensures that Formula 1 is in the best possible position to continue to grow around the world," said F1 CEO Stefano Domenicali.
FIA President Mohammed Ben Sulayem added that the deal allows the governing body to "invest further in improved race regulation, race direction, stewarding, and technical expertise."