Home - The Official Formula 1 Website Skip to content

FIA release Concorde Agreement statement 24 Jul 2009

FIA flag held by grid girls on the grid.
Formula One World Championship, Rd 2, Malaysian Grand Prix, Race, Sepang, Malaysia, Sunday, 5 April 2009

Formula One racing’s governing body, the FIA, issued the following press release on Friday:

“Following the completion of negotiations with FOA and all 13 Formula One teams by FIA President Max Mosley and FIA Deputy President for Sport Nick Craw, the members of the World Motor Sport Council have been sent a copy of the proposed new Concorde Agreement for their consideration.

“Subject to the approval of the WMSC and on receipt of confirmation that a satisfactory cost-reduction agreement is in place, the new Concorde Agreement should be ready for signature at the end of next week.”