F1: New Monaco GP deal is for 3-years

Formula 1 will continue to race in Monaco until 2025 after a new three-year agreement was finalized with the Automobile Club of Monaco (ACM).

Monte Carlo’s streets have been an important part of the championship since the first round there back in 1950, the venue offering a unique challenge for drivers and a backdrop that is famous around the world.

Monaco will stage the eighth round of the 24-race 2023 season on May 28 – the second part of a back-to-back sequence with Imola.

“I am pleased to confirm that we will be racing in Monaco until 2025 and excited to be back on the streets of this famous Principality for next year’s Championship on May 28,” said Stefano Domenicali, President and CEO of Formula 1.

“I want to thank everyone involved in this renewal and especially H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and all his team. We look forward to being back next season to continue our partnership together.”

Michel Boeri, President of the Automobile Club of Monaco, added: “In the interest of the Formula One World Championship, and after several months of negotiations, we are proud to announce that we have signed a three-year agreement with Formula One, and likely to be renewed.”

There was no word on the circuit improvements that F1 was pressing Monaco on to try and improve the racing. Today the racing is essentially a parade because it is so hard to pass on the circuit.

The question was never about money (at least not totally), it’s also about TV coverage, trackside signage, hospitality rights and track design.