Monaco is facing being axed from the F1 calendar as early as 2011 according to Formula One Management boss, Bernie Ecclestone.
With 19 races on the 2010 calendar and India and Texas looking to join for 2011 and 2012 respectively, space has to be made to allow Ecclestone to meet the 20-race cap that himself and the teams have verbally agreed.
Looking at ways to meet the cap, the 78-year old Bilionaire said, “I think we can do without Monaco, they don’t pay enough.”
The Principality has been on the F1 calendar since 1955 and is the only race that doesn’t pay a hosting fee. “The Europeans are going to have to pay more money or we will have to go somewhere else,” Ecclestone concluded.
TV companies could also face the prospect of having to pay more to broadcast the sport as it was revealed that track-side advertising revenue has rocketed in the last year.
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