Officially confirmed: the Monaco Grand Prix remains on the F1 calendar until 2025! What is likely to prevent the new contract?

Will Formula 1 lose the famous and iconic Monaco Grand Prix? This was the question that was asked not only by the entire F1 paddock, but also by the fans themselves and, in fact, by everyone who has anything to do with the queen of motorsport. But now we know the clear answer – Monaco will remain on the World Championship calendar until 2025!

The Monaco Grand Prix has been part of the Formula 1 calendar since the official start of the World Championship in 1950. Although the first races were held here as early as 1929.

In that time, the race in the Principality of Monaco has offered a lot, whether it’s the legendary battles for victory or the immense exclusivity inherent in the Monaco race.

A rich history

But Monaco was also a decisive factor in why Formula 1 began to be so concerned about driver safety when racing in the 1970s and 1980s. In a way, then, you could say that the Monaco Grand Prix changed the queen of motorsport forever. Why?

We’re talking about a fatal crash in the 1967 race. The accident happened in the Nouvelle chicane area, where Lorenzo Bandini crashed into the straw barrier. The fuel in his car ignited and caught fire. However, it was very difficult to extinguish the fire, as the straw near the car also started to burn due to the weather conditions.

This very negative experience caused a major change in the rules and straw barriers were removed from all race tracks. Since then, especially in the 1980s, the safety of the racers has become the number one priority. The Italian pilot succumbed to his injuries and burns after three days.

While the history of Monaco speaks for itself, in recent years it simply hasn’t delivered as much as it used to. And that was one of the main questions F1 was asking itself. Is the Monaco Grand Prix really an attractive enough race to remain on the Formula One calendar?

As we also reported in our recent article, under the old terms, the circuit retained the broadcasting rights and also all sponsorship revenue associated specifically with the Monaco Grand Prix. This is because it led to a conflict of interest, namely between the official F1 partner, namely Rolex, and the Monaco sponsor TAG Heuer.

It can be assumed, therefore, that this is exactly what the new contract resolves. By reaching an agreement between all parties involved, Monaco can remain on the Formula 1 calendar.

The Monaco Grand Prix will remain on the calendar until 2025

Monaco is, in short, one of the most famous F1 racing venues, known all over the world. The Queen of Motorsport has signed a new agreement with the Principality of Monaco that will ensure the legendary circuit’s place on the calendar until 2025.

Statements by Domenicali and Boeri

“I am delighted to confirm that we will be racing in Monaco until 2025 and we are thrilled to return to the streets of this famous principality. I want to thank everyone involved in the renewal of the contract, especially Prince Albert II and Michel Boeri, President of the Monaco Automobile Club,” Stefano Domenicali told F1.

“In the interest of the Formula 1 World Championship and after several months of negotiations, we are proud to announce that we have signed a three-year contract with F1, which is likely to be extended,”” added Boeri.

More expensive entry fees, record number of races

But the new agreement also brings with it an increase in entry fees, as we reported again in our earlier article.

In terms of dates, Formula 1 has scheduled the Monaco Grand Prix for 28 May next season. It will be the eighth round of the 2023 season.

The Monaco circuit will thus be part of a very rich programme that the queen of motorsport has prepared for the fans next year. The Monaco Grand Prix will be part of a calendar that will include 24 races!

Source