The Concorde Agreement is a contract between the FIA, the Formula One teams and Formula One Administration which dictates the terms by which the teams compete in races and take their share of the television revenues and prize money. There have in fact been five separate Concorde Agreements, all of whose terms are kept strictly secret: the first in 1981, others in 1987, 1992, and 1997, and the present agreement in 1998, which superseded the 1997 agreement and is due to expire at the end of 2007. The Fédération Internationale de lAutomobile, commonly referred to as the FIA, is a non-profit association established in 1904 to represent the interest of motoring organisations and motor car users. ... Formula One - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... The following is a list of constructors which have competed or plan to compete in the Formula One World Championship. ... Organisation of commerical operations of Formula One Formula One Administration Ltd. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ...

The effect of the agreements is to make the sport more professional than it originally was and to increase its commercial success. The most important factor in achieving this was the obligation of the teams to participate in every race, hence making the sport more reliable for broadcasters who were expected to invest heavily to acquire television broadcast rights. In return the teams were guaranteed a percentage of the sport's commercial revenue.

1981

In 1979, the Commission Sportive Internationale, an organization subordinate to the FIA which was at that time the rule-making body for Formula One, was dissolved and replaced by the Fédération Internationale du Sport Automobile, or FISA, which would serve the same function. FISA clashed repeatedly with the Formula One Constructors Association (FOCA), which represented the teams' interests. FOCA's chief executive at the time was Bernie Ecclestone and his legal advisor was Max Mosley, while the president of FISA was Jean Marie Balestre. For the song by the Smashing Pumpkins, see 1979 (song). ... The Fédération Internationale de lAutomobile, commonly referred to as the FIA, is a non-profit association established on June 20, 1904 to represent the interest of motoring organisations and motor car users. ... The Fédération Internationale de lAutomobile, commonly referred to as the FIA, is a non-profit association established in 1904 to represent the interest of motoring organisations and motor car users. ... The Fédération Internationale de lAutomobile, commonly referred to as the FIA, is a non-profit association established in 1904 to represent the interest of motoring organisations and motor car users. ... FISA may be: Federation Internationale des Societes Aerophilateliques (International Federation of Aerophilatelic Societies) Fédération Internationale des Sociétés dAviron (International Federation of Rowing Associations) Fédération Internationale du Sport Automobile (Historically a subsidiary body of the FIA) Foreign Intelligence Surveillance Act, a statute in the... The Formula One Constructors Association (FOCA) is an organization of the chassis builders (constructors) who design and build the cars that race in the Formula One Grands Prix. ... Bernard Charles Bernie Ecclestone (born October 29, 1930 near Bungay, Suffolk) is the president and CEO of Formula One Management and Formula One Administration, and owns a stake in Alpha Prema, the parent company of the Formula One Group of companies. ... Max Rufus Mosley (born 1940, London, England) is currently serving his fourth term as president of the Fédération Internationale de lAutomobile. ... Jean-Marie Balestre was president of FISA from 1979 to 1991 and of the FIA from 1986 to 1993. ...

The two organizations' disagreements, which came to be known as the FISA-FOCA war, resulted in several races being cancelled. Goodyear threatened to withdraw entirely from Formula One, an event which would have been commercially disastrous for the sport, so Ecclestone organized a meeting of team managers, Balestre, and other FISA representatives at the offices of the FIA in the Place de la Concorde, Paris, France. On January 19, 1981, after thirteen straight hours of negotiation, all parties present signed the first Concorde Agreement, named after the plaza in Paris where the discussions took place. The FISA-FOCA war was a political battle contested throughout the early 1980s by the two representative organizations in Formula One motor racing. ... Goodyear Tire and Rubber Company was founded in 1898 by Frank Seiberling. ... The Place de la Concorde seen from the Pont de la Concorde; in front, the Obelisk, behind, the Rue Royale and the Church of the Madeleine; on the left, the Hôtel de Crillon. ... City flag City coat of arms Motto: Fluctuat nec mergitur (Latin: Tossed by the waves, she does not sink) Paris Eiffel tower as seen from the esplanade du Trocadéro. ... January 19 is the 19th day of the year in the Gregorian calendar. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ...

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 most importantly, the agreement granted FOCA the right to televise Formula One races — this right was "leased" to Formula One Promotions and Administration, a company established and owned by Bernie Ecclestone. Another important element was the stability in rules, described as protecting the teams from "the whims of the governing body".^[1] Formula One Promotions and Administration was a company formed by Bernie Ecclestone to manage the commerical rights of Formula One. ... Bernard Charles Bernie Ecclestone (born October 29, 1930 near Bungay, Suffolk) is the president and CEO of Formula One Management and Formula One Administration, and owns a stake in Alpha Prema, the parent company of the Formula One Group of companies. ...

It expired on December 31, 1987. December 31 is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ...

1987

1992

1997

In 1995 the FIA decided to transfer Formula One's commercial rights from FOCA to Formula One Administration for a 14 year period. In exchange, Ecclestone would provide an annual payment. McLaren, Williams and Tyrrell, protested by rejecting the proposed Concorde Agreement (negotiations for which started as early as 1993). Ken Tyrrell in particular was enraged by the fact that Ecclestone, as President of FOCA had negotiated the transfer of the rights from the organisation to his own company. 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... Organisation of commerical operations of Formula One Formula One Administration Ltd. ... McLaren, founded in 1963 by Bruce McLaren (1937–1970), is a racing team based in Woking, England, which is best known as a Formula One constructor but has also competed in the Indianapolis 500-Mile Race, Canadian-American Challenge Cup, and 24 Hours of Le Mans. ... Not to be confused with Frank Williams Racing Cars, formed by Frank Williams 1967. ... Tyrrell was an auto racing team and Formula One constructor founded by Ken Tyrrell. ... Ken Tyrrell Ken Tyrrell (May 3, 1924 – August 25, 2001) was an auto racing driver and the founder of the Tyrrell Formula One constructor. ...

The three teams refused to sign the proposed Concorde Agreement, initially with the support of the remaining teams. However on September 5, 1996 the new Concorde Agreement was signed by all the teams except McLaren, Williams and Tyrrell. The agreement was to run from January 1 1997 to 2002. September 5 is the 248th day of the year (249th in leap years). ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...

1998

By taking a stand against the actions of Bernie Ecclestone, the FIA and the wider commercial aspects of Formula One, the three teams lost both influence in the sport and income which they would have received as signatories. A compromise was reached and on August 27 1998 the 1998 Concorde Agreement was signed which accommodated the three teams and which is due to expire on December 31, 2007. Bernard Charles Bernie Ecclestone (born October 29, 1930 near Bungay, Suffolk) is the president and CEO of Formula One Management and Formula One Administration, and owns a stake in Alpha Prema, the parent company of the Formula One Group of companies. ... August 27 is the 239th day of the year in the Gregorian calendar (240th in leap years), with 126 days remaining. ... December 31 is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ...

After the 2004 season, the three banks who together own 75% of SLEC, the company which controls Formula One, sued Ecclestone for more control in the sport's finances. The prospect of ousting Ecclestone gave credence to several car manufacturers' threats to form a rival series, the GPWC (now the Grand Prix Manufacturers’ Association). On December 7, 2004, at a meeting attended by the bosses of all the teams but Ferrari, Ecclestone offered a payout of £260,000,000 over three years in return for unanimous renewal of the Concorde Agreement, which would guarantee the continuation of Formula One in its present form at least until the expiration of that contract. On January 19, Ferrari announced it has signed an extension to the 1997 to expire on December 31, 2012, making a rival championship series much less likely. Later in 2005, Red Bull and Jordan/Midland also signed an extension.[1] On the 7 December 2005, Williams F1 became the fourth team to sign an extension to the agreement.[2] On 27 March 2006 the five Grand Prix Manufacturers Association-backed teams signed up to the 2008 world championship. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Organisation of commerical operations of Formula One SLEC Holdings Ltd. ... The Grand Prix World Championship, often abbreviated to GPWC, is a proposed alternative world championship auto racing series to rival Formula One. ... Grand Prix Manufacturers’ Association (GPMA) is an alliance of car manufacturers that participate in Formula One formed (like its predecessor GPWC) to act as a tool to assist the companies in bargaining with Bernie Ecclestone for an agreeable extension to the 1997 Concorde Agreement, the contract by whose terms the... December 7 is the 341st day (342nd in leap years) of the year in the Gregorian calendar. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... This article or section does not adequately cite its references or sources. ... January 19 is the 19th day of the year in the Gregorian calendar. ... This article or section does not adequately cite its references or sources. ... December 31 is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... 2012 (MMXII) will be a leap year starting on Sunday of the Gregorian calendar. ... This article is for the Formula One team. ... Midland F1 is a Russian Formula One team. ... December 7 is the 341st day (342nd in leap years) of the year in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Ralf Schumacher driving for the WilliamsF1 team at the 2003 United States Grand Prix WilliamsF1, formerly Williams Grand Prix Engineering, is a Formula One racing team formed and run by Sir Frank Williams and Patrick Head. ... March 27 is the 86th day of the year in the Gregorian calendar (87th in leap years). ... For the Manfred Mann album, see 2006 (album). ... The Grand Prix Manufacturers Association (GPMA) is an alliance of car manufacturers that participate in Formula One formed (like its predecessor GPWC) to act as a tool to assist the companies in bargaining with Bernie Ecclestone for an agreeable extension to the 1997 Concorde Agreement, the contract by whose terms...

References

• The Economist: Grand prix, grand prizes
• GrandPrix.com: Who owns what in F1 these days?
• European Commission