Concorde Agreement
E384129
The Concorde Agreement is a series of confidential contracts that define the commercial, financial, and governance framework of Formula One, including how revenues are shared and how teams participate in the championship.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Concorde Agreement canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Formula One commercial agreement
ⓘ
sports governance contract ⓘ |
| appliesTo |
Formula One
ⓘ
surface form:
Formula One World Championship
|
| associatedWith |
Bernie Ecclestone
ⓘ
Formula One Management ⓘ Liberty Media ⓘ |
| covers |
commitment of teams to participate in all championship races
ⓘ
entry conditions for teams ⓘ governance structures for decision‑making in Formula One ⓘ penalties for breach of participation obligations ⓘ sponsorship revenue distribution ⓘ television rights revenue ⓘ use of Formula One World Championship commercial rights ⓘ voting procedures on sporting and technical matters ⓘ |
| defines |
commercial framework of Formula One
ⓘ
financial framework of Formula One ⓘ governance framework of Formula One ⓘ |
| ensures |
long‑term participation commitments from teams
ⓘ
predictable revenue distribution model ⓘ |
| hasCharacteristic |
confidential
ⓘ
multi‑party contract ⓘ |
| hasVersion |
first Concorde Agreement signed in 1981
ⓘ
subsequent Concorde Agreements signed in later years ⓘ |
| influences |
competitive balance in Formula One
ⓘ
team budgets through revenue distribution ⓘ |
| involvesParty |
Fédération Internationale de l’Automobile
ⓘ
surface form:
FIA
Formula One commercial rights holder ⓘ Formula One teams ⓘ |
| isBasisFor |
teams’ entitlement to prize money
ⓘ
teams’ right to compete in the championship ⓘ |
| language | English ⓘ |
| legalNature | private contract ⓘ |
| namedAfter |
Place de la Concorde
ⓘ
surface form:
Place de la Concorde in Paris
|
| purpose |
to align interests of teams, FIA, and commercial rights holder
ⓘ
to provide stability to Formula One’s commercial structure ⓘ |
| regulates |
distribution of prize money in Formula One
ⓘ
participation of teams in the championship ⓘ relationship between teams and Formula One’s commercial rights holder ⓘ relationship between teams and the FIA ⓘ revenue sharing in Formula One ⓘ rights and obligations of Formula One teams ⓘ |
| requires |
approval by the FIA
ⓘ
signature of all participating teams ⓘ |
| signedAt |
Place de la Concorde
ⓘ
surface form:
Place de la Concorde, Paris
|
| subjectArea |
motorsport governance
ⓘ
sports commercial rights ⓘ sports finance ⓘ |
| timeSpan | multi‑year contractual periods ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.