Formula 1 has extended its existing deal with the Monaco Grand Prix, confirming it will run through the 2035 season.
The deal has been struck between F1 and Monaco’s Royal Automobile Club, signalling a statement of intent that the race will continue to be a permanent fixure on its schedule.
Monaco is one of the most prestigious races in F1 and the wider motorsport world, having been staged since 1929, and being on every F1 calendar bar 2020 since its inauguration in 1950.
The unique street circuit provides the ultimate challenge for any racing driver, providing a number of memorable moments across its 75 years on the calendar.
However, Monaco has been a much-maligned race in recent years, with many drivers and fans questioning its relevance in modern F1, with the number of overtakes decreasing year on year.
This year’s event saw the implementation of a mandatory minimum two-stop strategy for all teams, in order to create further excitement for fans.
But its place as the so-called ‘jewel in the crown’ of motor racing helps its status as one of the most heritage-laden events that effectively staples itself permanently to the calendar.
In a statement, F1’s CEO Stefano Domenicali said: “The streets of Monaco have been echoing with the sound of Formula 1 since the earliest days of the sport, so I’m delighted to announce the extension of this fantastic event to 2035.
“It is an iconic race that is loved by all drivers and fans, with a unique vibe thanks to its location on the world’s most glamorous Principality.
“I would like to say a special thank you to His Royal Serene Highness, Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and everyone involved in securing the long-term future of this historic partnership.”
His Serene Highness, Prince Albert II of Monaco also conveyed his excitement, stating: “The renewal of the Monaco Grand Prix until 2035 is in keeping with a sporting and historical tradition to which the Principality remains deeply attached.
“I can only welcome this renewed commitment, which is testament to our collective success, the excellence of our collaboration with Formula 1, and the unique place that Monaco occupies in the international motorsport landscape.”
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