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F1 publicizes new Monaco GP deal to 2031
Formula 1

F1 publicizes new Monaco GP deal to 2031

By Miles Cooper November 14, 2024
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The Monaco Grand Prix will stay on the System 1 calendar till 2031, the collection has introduced.

One of many crown jewels of F1’s calendar, Monaco’s contract was up for renewal after the 2025 version.

There had been doubts about Monaco’s long-term way forward for the race given its infamous struggles to supply an entertaining race on the slender streets of the principality, however F1 and the Car Membership of Monaco have struck a deal that may see the race stay on the calendar for six extra years.

Monaco will change dates beneath its new deal, transferring from its conventional end-of-Might date to the primary weekend of June from 2026 onwards. Meaning it is going to now not conflict with the Indianapolis 500.

“I’m delighted that System 1 will proceed to race in Monaco till 2031,” mentioned F1 CEO Stefano Domenicali. “The streets of Monte Carlo are distinctive and a well-known a part of System 1, and the Monaco Grand Prix stays a race that every one drivers dream of successful.

“I wish to prolong a particular due to H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Car Membership of Monaco and everybody concerned within the extension of this essential partnership.”

F1 publicizes new Monaco GP deal to 2031

Charles Leclerc, Ferrari SF-24, Oscar Piastri, McLaren MCL38, Carlos Sainz, Ferrari SF-24, Lando Norris, McLaren MCL38

Photograph by: Andy Hone / Motorsport Photographs

Monaco is known to have forked out a considerably larger sanctioning payment to stay on the calendar. However the race’s business prospects have been boosted by F1’s not too long ago introduced cope with luxurious conglomerate LVMH.

As a part of the deal TAG Heuer will take over from Rolex as F1’s official timekeeper subsequent 12 months. TAG has additionally been a long-standing companion of the Monaco race, which suggests its branding will now not conflict with F1’s, one thing which had been some extent of debate when Monaco’s earlier contract extension needed to be negotiated.

The Monaco Grand Prix featured on the primary F1 world championship calendar in 1950, and has been a daily fixture since 1955.

It’s understood that F1 has now accepted that as a result of tight confines of the Monte Carlo harbour, Monaco’s 3.3km structure is just not anticipated to vary all through the brand new deal.

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