Formula One Promotions and Administration

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Formula One Promotions and Administration was a company formed by Bernie Ecclestone to manage the commercial rights of Formula One.

These rights were originally granted to the Formula One Constructors Association (FOCA) by the FIA under the terms of the Concorde Agreement. FOCA allowed FOPA to manage the rights on its behalf.

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. Team McLaren, WilliamsF1 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.

FOPA ceased to exist in 1997 with the reorganisation of Eccelstone's companies which are now headed by SLEC Holdings.