368:, Wolff changed stance and declared his willingness to sign the new agreement. The new Concorde Agreement seeks to protect the value of the incumbent teams, by requiring new entrants to pay 200 million dollars up front, shared equally among 10 existing teams, in exchange for having the right of revenue share in its first year of competition. Previously, new entries only received the prize money from their second year of competition.
693:
A decade later, Mosley became president of FISA, becoming president of the FIA itself two years after that in 1993 – with Mosley instrumental in attempting to increase safety in the sport following the deaths of Ayrton Senna and Roland
Ratzenberger at the 1994 San Marino Grand Prix. Mosley would stay
337:
The
Concorde Implementation Agreement between the FIA and the Formula One Group was signed in July 2013 and was enforced on 27 September 2013. It expired on 31 December 2020. The FIA press announcement about this agreement mentioned that "the parties will move towards the conclusions of a multi-party
203:
The said three teams refused to sign the proposed
Concorde Agreement, initially with the support of the remaining teams. However, on 5 September 1996 the new Concorde Agreement was signed by all teams except McLaren, Williams and Tyrrell. The agreement was supposed to be in effect from 1 January 1997
199:
in particular was enraged by the fact that
Ecclestone, as the president of FOCA, had negotiated the transfer of the rights from the current organization to his own company. Tyrrell also objected the addendum to the Agreement being secret, arguing that secrecy surrounding the agreement would have only
142:
seasons. When the second
Concorde Agreement was agreed in 1987, Ecclestone ceased being a team owner and established Formula One Promotions and Administration (FOPA) to manage TV rights for the teams. FOPA would later become known as Formula One Management (FOM). FOPA received 49% of TV revenues: 1%
724:
The three teams lost income as a result, but a fifth
Concorde Agreement was signed for 1998 to accommodate McLaren, Williams and Tyrrell after reaching a compromise. To this day, the fifth Concorde Agreement has lasted the longest because a sixth contract was not signed until 2009, which ended the
325:
The 2013 Concorde
Agreement took an extended period of negotiations. The sixth agreement ran until 31 December 2012, but no new agreement was in place for the start of the 2013 season. In October 2012 FIA communicated that they were expecting a final settlement between all parties involved within
219:
By taking a stand against the actions of
Ecclestone, the FIA and the wider commercial aspects of Formula One, McLaren, Williams and Tyrrell lost both influence in the sport and the income which they would have received as signatories. A compromise was reached and on 27 August 1998, a new Concorde
114:
The contract's terms remain largely confidential, though its known stipulations required the signatory teams to appear and compete in every race, and guaranteed their right to do so in order to assure the sport's newly acquired television public that they would have a race to watch. Also, perhaps
38:
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
46:
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
329:
Strictly speaking the 2013 Agreement does not really meet the qualifications for a 'Concorde' Agreement, as it is not a collective agreement among the parties involved. Rather, it is a series of individual bilateral agreements between Bernie Ecclestone's Formula One Group and all other parties
346:
Negotiations over the terms to replace the 2013 agreement began as part of wider discussions over the future of the sport in 2017. A deadline to reach a deal was extended until 31 October 2019. The Agreement was reported to be nearing completion in January 2020, but was delayed due to the
333:
In October 2012, Bernie Ecclestone indicated that he already had agreements with all teams for the 2013-2020 period. However, this list did not yet include Marussia. The Marussia Formula One Team did manage to sign its own bilateral agreement with the Formula One Group in October 2013.
371:
On 18 August 2020, Ferrari, McLaren, and Williams announced that they had signed the new Concorde Agreement, whilst the following day Formula One announced that the other teams had also signed. The agreement, which is the first to be signed under new owners
363:
season and change the prize money distribution. Wolff believed that his team would be affected most negatively. In response, the deadline for signing the agreement, previously set for 12 August, was moved back a week. However, after discussions with
232:, Ecclestone offered a payout of ÂŁ260,000,000 over three years in return for unanimous renewal of the fifth Concorde Agreement, which would guarantee the continuation of Formula One in its present form at least until the expiration of that contract.
98:
threatened to withdraw entirely from Formula One, an event which would have been commercially disastrous for the sport, so Ecclestone organized a meeting with all team managers, Balestre, and other FISA representatives at the FIA headquarters in
680:
545:
305:, in transition as majority owner of BMW, had announced, shortly beforehand, its intention of withdrawing from the sport at the end of the season, so waited until a controlling stake of the team was returned to
167:, who was proficient in French, should negotiate the agreement with Balestre, and eventually they came to terms. Balestre was unaware of Ecclestone's aggressive expansion and the value of the television rights.
558:
On Tuesday March 17, 1987 I was among eight members of the British media flown to Italy by the FIA to witness the signing of the latest Concorde Agreement. It turned out to be a long way to go for lunch.
645:
707:
111:. On 19 January 1981, after thirteen straight hours of negotiation, all parties present signed the first Concorde Agreement, named after the square in which the negotiations took place.
670:
535:
211:
published the 120-page 1997 Concorde Agreement on RaceFax, hence making it the first (and to this date only) version of the agreement to ever be released to the public.
1389:
282:
with the commercial rightsholders (CVC/Ecclestone) which formed the basis of the next Concorde Agreement. As such, a full Concorde Agreement was not in place for the
1021:
658:
Mosley, who began his career in motor racing as an amateur driver, was an outspoken president of the FIA, the governing body of Formula One, between 1993 and 2009.
522:
Working on information leaked by a Formula 1 team, the researchers revealed that in 1987 the second Concorde Agreement guaranteed the FIA 30% of F1's TV revenues.
1132:
788:
309:
before signing. The new agreement provides for a continuation of the terms of the 1998 agreement, and runs until 31 December 2012. At the same meeting of the
627:
1074:
64:
24:
278:- submitted their applications for the 2008 season, agreeing to stay in the sport until 2012. On 14 May 2006, the five GPMA-backed teams signed a
970:
235:
On 19 January 2005, Ferrari announced that it had signed an extension to the previous agreement to expire on 31 December 2012. On 18 July 2005,
711:
208:
40:
1468:
1463:
509:
1102:
1287:
1339:
995:
116:
47:
invest heavily to acquire television broadcast rights, and a percentage of the sport's commercial revenue in return for the teams.
123:. Another important element was the stability in rules, described as protecting the teams from "the whims of the governing body".
1473:
1236:
313:, a programme of resource restriction was also agreed upon, as were a revised set of sporting and technical regulations for the
1458:
1448:
1047:
1210:
607:
143:
went to the teams, and 50% to the FIA. FOPA also received all the fees paid by promoters and paid prize money to the teams.
1453:
1184:
255:
68:
39:
1987, 1992, 1997, 1998, 2009, 2013; the current agreement was signed in 2021. The secrecy was broken by racing journalist
1262:
763:
404:
381:
377:
360:
314:
298:
283:
156:
152:
139:
135:
115:
most importantly, the agreement granted FOCA the right to televise Formula One races — this right was "leased" to
737:
56:
1425:
1364:
459:(16 August 1993). "F1 teams give in to Mosley, Ecclestone 'terrorism'; Rules skirmish shows who's really in control".
286:
season, with the Memorandum, extensions and agreements with the other individual teams acting as a stop-gap solution.
1158:
798:
275:
95:
31:
359:
declared his dissatisfaction with the terms of the new agreement, which was to introduce a budget cap from the
195:
protested this by rejecting the proposed Concorde Agreement (negotiations for which started as early as 1993).
1313:
431:
310:
290:
352:
279:
888:
180:
466:
163:
and the FIA to transfer Formula One television rights to FOCA. He arranged that his business partner
63:, which was at that time the rule-making body for Formula One, was dissolved. It was replaced by the
861:
501:
91:
220:
Agreement was signed, which accommodated the three teams and which expired on 31 December 2007.
540:
263:
571:
846:
O'Connor, Ashling (28 March 2006). "Breakaway averted as rebel carmakers sign up for 2008".
1443:
597:
294:
267:
100:
1417:
671:"Max Mosley, F1 safety pioneer and former FIA President, passes away aged 81 | Formula 1®"
8:
160:
80:
43:, when the 120-page 1997 Concorde Agreement was published at the end of 2005 by RaceFax.
971:"The billion-dollar questions over the fate of F1's most important document · RaceFans"
487:
259:
71:(FOCA), which represented the teams' interests. FOCA's chief executive at the time was
637:
603:
348:
240:
120:
87:
72:
35:
914:
1022:"Bernie Ecclestone says regulations central factor in new Concorde Agreement talks"
943:
229:
480:
Blunsden, John (28 February 1987). "Motor Racing: Grand Prix season will be cut".
179:
In 1995, the FIA decided to transfer Formula One's commercial rights from FOCA to
922:
236:
1075:"Marussia deal with Ecclestone opens way for new Formula One Concorde Agreement"
793:
301:, a new Concorde Agreement was signed by Mosley and all of the teams, although
192:
183:
for a 14-year period. In exchange, Ecclestone would provide an annual payment.
1133:"The FIA says it has signed a new Concorde Agreement with the Formula 1 Group"
820:
408:
67:(FISA), which would serve the same function. FISA clashed repeatedly with the
1437:
1106:
1101:
641:
456:
373:
164:
90:, resulted in several races being cancelled, or declared non-valid (e.g. the
536:"Flashback: Enzo Ferrari presides over the signing of F1 Concorde Agreement"
228:
On 7 December 2004, at a meeting attended by the bosses of all teams except
200:
benefitted Ecclestone (by weakening the bargaining power of other parties).
632:
623:
306:
184:
996:"Why there will be no change to F1 if the Concorde Agreement isn't signed"
628:"Max Mosley, privacy campaigner and outspoken FIA president, dies aged 81"
338:
Concorde agreement", but such a multi-party agreement never materialized.
675:
365:
248:
196:
28:
1185:"F1 News: Carey says 2021 Concorde Agreement talks "on the back burner""
1288:"$ 200 million charge for new teams to stop "random" entries like USF1"
432:"RB boss reveals Concorde Agreement wish to stop F1 two-division split"
356:
244:
188:
168:
76:
1365:"McLaren Racing - McLaren Racing signs new Concorde agreement with F1"
572:"A history of F1 ownership: How F1 has changed hands over the decades"
482:
86:
The two organizations' disagreements, which came to be known as the
1237:"Wolff: Majority of F1 teams want Concorde Agreement "cleaning up""
1211:"Mercedes and F1 in stand-off as Concorde Agreement deadline looms"
708:"What is the F1 Concorde Agreement? All to know about the contract"
461:
602:. Internet Archive. London : Faber & Faber. p. 152.
271:
1390:"CONFIRMED: All 10 teams reach new Formula 1 Concorde Agreement"
1340:"Williams Racing Signs New Concorde Agreement with Formula One"
302:
289:
On 29 July 2008, the ten currently competing teams created the
108:
1263:"Mercedes now ready to sign Concorde Agreement after F1 talks"
104:
1097:
1095:
821:"F1 News - Williams F1 Signs Extended Concorde Agreement"
330:
involved being FIA and the individual Formula One teams.
60:
862:"F1, Grand Prix Manufacturers Association agree to deal"
738:"Ferrari agrees Concorde Agreement extension until 2012"
1092:
1159:"Carey says new Concorde Agreement in 'final stages'"
764:"Red Bull breaks ranks and signs Concorde Agreement"
320:
1048:"Marussia not offered 2013 Concorde Agreement deal"
341:
293:(FOTA) to negotiate the terms of contract. After a
174:
129:
223:
214:
146:
50:
1435:
1314:"Ferrari signs the 2021-2025 Concorde Agreement"
384:seasons, and came into force on 1 January 2021.
326:weeks. In reality it took until September 2013.
544:. Vol. 97, no. 1151. pp. 61–63.
599:No Angel: The Secret Life of Bernie Ecclestone
297:between FOTA and the FIA in the first half of
251:became the fourth team to sign the extension.
171:became FIA president shortly after in 1993.
159:seasons. Ecclestone required the approval of
65:Fédération Internationale du Sport Automobile
16:Contract between FIA and Formula One entities
845:
134:The second Concorde Agreement governed the
1103:Federation Internationale de l'Automobile
948:Federation Internationale de l'Automobile
569:
151:The third Concorde Agreement covered the
117:Formula One Promotions and Administration
25:Fédération Internationale de l'Automobile
1260:
1072:
622:
533:
479:
247:did two days later. On 7 December 2005,
968:
915:"New Concorde Agreement finally signed"
455:
1436:
1208:
1157:Osten, Phillip van (24 January 2020).
429:
1411:
1156:
1073:Spurring, Quentin (31 October 2013).
886:
705:
595:
512:from the original on 29 November 2023
119:, a company established and owned by
1469:1981 establishments in South America
1464:1981 establishments in North America
912:
648:from the original on 9 December 2023
399:
397:
256:Grand Prix Manufacturers Association
69:Formula One Constructors Association
59:, a subordinate organization of the
508:. Inside F1 Inc. 23 November 1998.
13:
889:"History made as Alonso dominates"
570:Valantine, Henry (25 April 2023).
534:Hamilton, Maurice (25 May 2021) .
79:, while the president of FISA was
57:Commission Sportive Internationale
14:
1485:
1429:: Who owns what in F1 these days?
1234:
1182:
789:"Jordan signs Concorde Agreement"
394:
355:weekend, Mercedes team principal
321:Seventh Concorde Agreement (2013)
1130:
969:Rencken, Dieter (17 June 2020).
683:from the original on 20 May 2024
548:from the original on 19 May 2024
342:Eighth Concorde Agreement (2021)
175:Fourth Concorde Agreement (1997)
130:Second Concorde Agreement (1987)
126:It expired on 31 December 1987.
1382:
1357:
1332:
1306:
1280:
1254:
1228:
1202:
1176:
1150:
1124:
1066:
1040:
1014:
988:
962:
936:
906:
880:
854:
839:
813:
781:
756:
730:
699:
663:
224:Sixth Concorde Agreement (2009)
215:Fifth Concorde Agreement (1998)
147:Third Concorde Agreement (1992)
51:First Concorde Agreement (1981)
1474:1981 establishments in Oceania
1209:Smith, Luke; Noble, Jonathan.
797:. 20 June 2005. Archived from
616:
589:
563:
527:
494:
473:
449:
423:
1:
1459:1981 establishments in Africa
1449:1981 establishments in Europe
1261:Cleeren, Filip; Smith, Luke.
502:"Where did all the money go?"
407:. RaceFax.com. Archived from
387:
311:FIA World Motor Sport Council
291:Formula One Teams Association
239:also signed an extension, as
913:Beer, Matt (1 August 2009).
887:Allen, James (15 May 2006).
7:
1454:1981 establishments in Asia
430:Cooper, Sam (29 May 2024).
353:70th Anniversary Grand Prix
280:memorandum of understanding
254:On 27 March 2006, the five
207:In 2005, racing journalist
10:
1490:
1421:: Grand prix, grand prizes
694:on in the role until 2009.
181:Formula One Administration
75:and his legal advisor was
23:is a contract between the
944:"2012 Concorde Agreement"
706:Hardy, Ed (24 May 2024).
405:"The Concorde Agreement"
92:1980 Spanish Grand Prix
923:Haymarket Publications
1318:corporate.ferrari.com
1105:(27 September 2013).
204:to 31 December 2002.
1107:"Concorde Agreement"
541:Motor Sport Magazine
467:Crain Communications
101:Place de la Concorde
1294:. 12 September 2020
850:. Times Newspapers.
596:Bower, Tom (2011).
161:Jean-Marie Balestre
81:Jean Marie Balestre
1412:General references
1344:www.williamsf1.com
488:News International
21:Concorde Agreement
1054:. 5 December 2012
1052:au.motorsport.com
1028:. 27 October 2012
1002:. 28 January 2013
950:. 22 October 2012
827:. 7 December 2005
744:. 19 January 2005
725:FIA-FOTA dispute.
609:978-0-571-26929-7
349:COVID-19 pandemic
121:Bernie Ecclestone
73:Bernie Ecclestone
36:Formula One Group
1481:
1405:
1404:
1402:
1400:
1386:
1380:
1379:
1377:
1375:
1361:
1355:
1354:
1352:
1350:
1336:
1330:
1329:
1327:
1325:
1320:. 18 August 2020
1310:
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1284:
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779:
778:
776:
774:
760:
754:
753:
751:
749:
734:
728:
727:
721:
719:
710:. Archived from
703:
697:
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690:
688:
667:
661:
660:
655:
653:
620:
614:
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593:
587:
586:
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492:
491:
477:
471:
470:
453:
447:
446:
444:
442:
427:
421:
420:
418:
416:
411:on 3 August 2008
401:
258:-backed teams -
1489:
1488:
1484:
1483:
1482:
1480:
1479:
1478:
1434:
1433:
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1388:
1387:
1383:
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1369:www.mclaren.com
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1271:
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1229:
1219:
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1207:
1203:
1193:
1191:
1181:
1177:
1167:
1165:
1155:
1151:
1141:
1139:
1129:
1125:
1115:
1113:
1100:
1093:
1083:
1081:
1071:
1067:
1057:
1055:
1046:
1045:
1041:
1031:
1029:
1020:
1019:
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1005:
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994:
993:
989:
979:
977:
967:
963:
953:
951:
942:
941:
937:
927:
925:
911:
907:
897:
895:
893:Financial Times
885:
881:
871:
869:
860:
859:
855:
844:
840:
830:
828:
819:
818:
814:
804:
802:
801:on 3 March 2021
787:
786:
782:
772:
770:
762:
761:
757:
747:
745:
736:
735:
731:
717:
715:
704:
700:
686:
684:
679:. 24 May 2021.
669:
668:
664:
651:
649:
626:(24 May 2021).
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5:
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987:
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794:Motorsport.com
780:
755:
729:
714:on 27 May 2024
698:
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526:
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472:
457:Roebuck, Nigel
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1427:GrandPrix.com
1424:
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1419:The Economist
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1268:
1267:Autosport.com
1264:
1257:
1242:
1241:Autosport.com
1238:
1235:Smith, Luke.
1231:
1216:
1215:Autosport.com
1212:
1205:
1190:
1189:Autosport.com
1186:
1183:Smith, Luke.
1179:
1164:
1160:
1153:
1138:
1137:Autosport.com
1134:
1127:
1112:
1108:
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965:
949:
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939:
924:
920:
919:autosport.com
916:
909:
894:
890:
883:
868:. 14 May 2006
867:
863:
857:
849:
842:
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795:
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784:
769:
768:grandprix.com
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682:
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647:
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635:
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629:
625:
624:Waterson, Jim
619:
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543:
542:
537:
530:
523:
511:
507:
506:grandprix.com
503:
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485:
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476:
469:. p. 51.
468:
464:
463:
458:
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437:
433:
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410:
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393:
385:
383:
379:
376:, covers the
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374:Liberty Media
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367:
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351:. During the
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