FIA and F1 broker peace after recent tensions

FIA President Mohammed Bin Sulayem and Formula 1 CEO Stefano Domenicali held peace talks after tensions increased between the two bodies.

Racing News 365 It is understood that Ben Sulayem and Domenicali have met over the past few months to overcome difficulties and find a way forward in Formula One.

“The FIA ​​Formula 1 World Championship has never been stronger, it is growing globally, and the FIA ​​and Formula 1 are committed to delivering the best results for the entire sport,” a joint statement from the FIA ​​and Formula 1 said. Racing News 365.

“To this end, both parties are developing a new strategic plan that will allow us to seize opportunities and enhance the potential of Formula 1 in the coming years.”

Tensions between the FIA ​​and Formula 1 have escalated since Bin Sulayem took office in December 2021 following the controversial end to the 2021 Abu Dhabi Grand Prix, with the FIA ​​launching an investigation into Michael Masi's handling of the safety car restart.

In January 2023, Formula 1 accused Bin Sulayem of “unacceptable” interference after reports emerged that the Saudi Public Investment Fund (PIF) had placed a $20 billion price tag on Formula 1 while it was considering a bid.

Bin Sulayem urged caution over the “inflated” figure, but it led to further tension between the FIA ​​and Formula 1, with Andretti's entry bid also driving a wedge between the two bodies.

The FIA ​​accepted Andretti's potential bid to enter after it was deemed to meet all sporting and technical requirements, but Formula 1 blocked his planned entry in 2026 after trade talks, although the door remains open for 2028 if GM is able to provide Power unit.

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Impact on the Concorde Agreement

The peace talks come as negotiations for the next renewal of the Concorde Agreement are underway.

Set to come into effect for the 2026 season after the expiry of the current terms, the Concorde Agreement is a contract between the FIA, Formula 1 and the 10 teams on how prize money and television broadcast revenues will be divided.

Racing News 365 You understand that the talks between Ben Sulayem and Domenicali were much broader than just the Concorde Agreement, as the current document was signed in August 2020.


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