What is Concorde Agreement?
The '''Concorde Agreement''' is a contract between the [[Fédération Internationale de l'Automobile]] (FIA), the [[Formula One]] teams and the Formula One Administration. The Concorde Agreement defines the agreement about how the teams race, and how the money is divided up. The money includes the television revenue and prize money. There have been six Concorde Agreements since 1981. The terms of all of the agreements have been kept a secret. The [[Secret|secrecy]] was broken by racing journalist [[Forrest Bond]] when the 1997 Concorde Agreement was published in 2006 by RaceFax.<ref>{{cite web | url = http://www.racefax.com/content/concorde.php | title = The Concorde Agreement | publisher = RaceFax.com | access-date = 2008-08-23 | archive-date = 2008-08-03 | archive-url = https://web.archive.org/web/20080803083220/http://www.racefax.com/content/concorde.php | url-status = dead }}</ref> The basic requirements of the agreements are to be professional and to increase the success of Formula One. The biggest requirement of the teams to participate in every race. This makes Formula One better for the [[Broadcasting|broadcasters]]. Broadcasters spend a large amount of money to [[Television|televise]] the races. In return for racing, the teams were guaranteed a percentage of the sport's revenue. == Background == The Commission Sportive Internationale, was an [[organization]] that reported to the [[FIA]]. They were the rule-making group for Formula One. In 1979 they were replaced by the Fédération Internationale du Sport Automobile, or FISA. The race teams were represented by the [[Formula One Constructors Association]], or FOCA. At the time, FOCA's chief executive was [[Bernie Ecclestone]] and his legal advisor was [[Max Mosley]]. FISA and FOCA had a number of disagreements. Some teams believed that FISA was favoring the major manufacturers. The teams were also unhappy about how the money in Formula One was being distributed. == First Concorde Agreement (1981) == The FISA and FOCA disagreements became known as the F