Mohammed bin Sulayem was re-elected president of the International Automobile Federation (FIA) after winning elections in which no other candidate stood, given that the process of formalizing candidacies did not allow any of the candidates to be eligible.
Furthermore, Formula 1, the FIA and the 11 World Championship teams (Cadillac joins the grid in 2026) announced that signed the ninth Concorde Agreementa contract which defines the regulatory framework and the commercial and governance conditions of the championship until 2030.
The Concord Agreement ensures that the sport’s main stakeholders – Formula 1 as the commercial rights holder, the FIA as the governing body of global motorsport and the teams -, “are fully aligned with the fundamental business and governance structures that will underpin the next five years of a category that enters a new era in 2026 with exciting and innovative regulations for powertrains and cars.
“This underlines the commitment of all parties to continue to develop and develop this sport, and to continue to promote the significant expansion it has experienced in recent years“, indicates F1 on its official website.
Likewise, the agreement “will enable the FIA to further invest in improving racing regulations, race management, supervision and technical knowledge for the benefit of the championship, and This means the sport can continue to evolve“, delivering exciting technological innovations and sporting action to fans, broadcasters and partners, all within a stable and structured regulatory framework.”
“In combination with a record audience growtha dynamic racing calendar and growing participation from a younger audience, the Formula 1 World Championship enters this new stage with unprecedented momentum.”
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