What is the Concorde Agreement?
Q: What is the Concorde Agreement?
A: The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams, and the Formula One Administration that defines the agreement about how the teams race, and how the money is divided up.
Q: What does the Concorde Agreement cover?
A: The Concorde Agreement covers how the teams race, and how the money is divided up. The money includes the television revenue and prize money.
Q: How many Concorde Agreements have there been since 1981?
A: There have been six Concorde Agreements since 1981.
Q: Who broke the secrecy of the Concorde Agreement and when?
A: Racing journalist Forrest Bond broke the secrecy of the Concorde Agreement when the 1997 Concorde Agreement was published in 2006 by RaceFax.
Q: What are the basic requirements of the Concorde Agreement?
A: The basic requirements of the Concorde Agreement are to be professional and to increase the success of Formula One.
Q: What is the biggest requirement of the teams to participate in every race?
A: The biggest requirement of the teams to participate in every race. This makes Formula One better for the broadcasters.
Q: What do the teams get in return for racing in Formula One?
A: In return for racing, the teams were guaranteed a percentage of the sport's revenue, which includes the television revenue and prize money.
