Moanco agrees extension to host Formula 1 until at least 2031
Ferrari’s Charles Leclerc won the 2024 Monaco race, becoming the first Monegasque driver to win his home Grand Prix since 1931.
Leclerc said it would be a “bad move” to remove the 2022 race from the calendar.
One of the most fascinating events in sport, it was first held in 1929 and appeared on the first World Championship calendar in 1950.
But with F1’s owner Liberty Media keen to grow the sport, doubts have been raised about its future in the expanded calendar. A record 24 games are scheduled for the 2024 season.
Monaco has a relatively small number of entries due to limited space, and the host country pays a relatively low fee compared to other competitions.
Overtaking on street circuits was also notoriously difficult, leading to complaints about the quality of the car.
Michel Boeri, President of the Automobile Club de Monaco, added: “This new agreement with the Formula 1 Group until 2031 not only confirms the strength of our relationship but also reaffirms our unparalleled offer to all visitors The promise of a first-class experience on race weekends.
“The Monaco Grand Prix is the most important sporting event here and continues to attract hundreds of thousands of spectators in the Principality and millions of television viewers around the world.”
