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Formula 1 Confirms Future of Monaco Grand Prix in Contract Announcement
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Formula 1 Confirms Future of Monaco Grand Prix in Contract Announcement

Formula 1 Extended partnership with Monaco’s iconic street circuit F1 calendar until 2031, thanks to a further six-year extension of his contract with the Automobile Club of Monaco (ACM), which initially covered races until 2025.

The Monaco GP made its F1 debut in 1950 and has been part of the Formula 1 calendar since 1955 as one of the world’s most iconic sporting events. The latest announcement extending Monaco’s contract until 2031 makes the strong case that the soon-to-be-announced rotation schedule for European racetracks will retain Monaco as a permanent fixture. However, all the details of this rotational approach will become clear with the official calendar announcement.

Set on the stunning French Riviera, the Monaco GP challenges drivers to navigate the narrow, winding streets of Monte Carlo, making it one of the most unique circuits in Formula 1. The track requires precision and skill as drivers traverse iconic sections such as Casino Square. , the narrow Loews Hairpin, the slowest turn in F1 and the high-speed Swimming Pool complex. The combination of breathtaking scenery and technical challenge makes Monaco a unique spectacle on the F1 calendar. Speaking about the extension of the partnership, Formula 1’s president and CEO, Stefano Domenicali, said: expression:

“I am delighted that Formula 1 will continue racing in Monaco until 2031.

“The streets of Monte Carlo are a unique and famous part of Formula 1, and the Monaco Grand Prix remains the race that all drivers dream of winning.

“HSH Prince II of Monaco. I would like to express my special thanks to Albert, the President of the Monaco Automobile Club, Michel Boeri, and everyone who has contributed to the expansion of this important partnership.

“This agreement signals a new era of partnership and innovation between Formula 1 and Monaco. HSH Prince Albert II of Monaco is what will allow us to create an optimized calendar that reduces pressure on logistics and reduces the environmental impact of our global championship, as we continue on the path towards our Net Zero target ‘s future-oriented leadership until 2030.”

Michel Boeri, President of the Monaco Automobile Club, added:

“Especially HSH Prince of Monaco II. I would like to thank Albert, Stefano Domenicali and everyone who contributed to the extension of this contract.

“The signing of this new agreement with the Formula 1 Group until 2031 not only confirms the strength of our relationship, but also reaffirms our commitment to providing all visitors with an unrivaled, world-class experience during race weekends.

“The Monaco Grand Prix is ​​the most important sporting event here and continues to attract hundreds of thousands of spectators to the Principality and millions of global television viewers worldwide.”

The 2024 Monaco Grand Prix attracted more than 70 million viewers, making it the most watched race in U.S. history. The 2025 race, scheduled for 23-25 ​​May, will mark the 75th anniversary of Monaco’s official F1 racing debut.