Moanco agrees extension to host Formula 1 until at least 2031
Monaco will continue to host Formula 1 races until at least 2031 after a new six-year deal was agreed.
One of the sport’s most iconic and prestigious races, the Monaco Grand Prix first took place in 1950 and has been an ever-present in the calendar since 1955.
There have been doubts about its future, however, because of questions regarding the suitability of the principality’s narrow streets for racing modern F1 cars, plus concerns over finances and other issues.
As part of the new deal, the race will move to the first full weekend in June from 2026.
“I’m delighted that Formula 1 will continue to race in Monaco until 2031,” said Formula 1 president and chief executive Stefano Domenicali.
“The streets of Monte Carlo are unique and a famous part of Formula 1, and the Monaco Grand Prix remains a race that all drivers dream of winning.”
More to follow.
