Formula 1 has concluded a deal with the Monaco GP to keep the race on the calendar until 2031.
The news ensures that the race won’t become part of any rotation agreement that will see some European events running every two years.
However as part of the arrangement from 2026 Monaco will switch to a regular new date on the first full weekend in June.
The Monaco GP has run occasionally run in June in the past, in 1962, 1973, 1984, 2000 and 2003.
F1 has tried hard to move the race from its familiar late May slot in order to create space in which to place Canada so that the Montreal event can run after Miami, although that plan has yet to be officially confirmed.
The announcement made clear that making the calendar more efficient was a key part of the deal.
“I’m delighted that F1 will continue to race in Monaco until 2031,” said F1 CEO Stefano Domenicali. “The streets of Monte Carlo are unique and a famous part of F1, and the Monaco GP remains a race that all drivers dream of winning.
“I would like to extend a special thanks to H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and everyone involved in the extension of this important partnership.
“This agreement signals a new era of partnership and innovation between Formula 1 and Monaco.
“It is the future focused leadership of H.S.H. Prince Albert II of Monaco which will allow us to create an optimised calendar, which reduces pressure on logistics, and to decrease the environmental impact of our global championship, as we continue the path towards our Net Zero goal by 2030.”
ACM boss Boeri said: “The signing of this new agreement with the Formula One Group until 2031 not only confirms the strength of our relationship but reaffirms our commitment to offering all visitors an unrivalled, first-class experience at race weekends.
“The Monaco GP is the most important sporting event here and continues to attract hundreds of thousands of spectators to the Principality and millions of global television viewers worldwide.”
