The Monaco Grand Prix renews its agreement with F1 until 2031

The Monaco Grand Prix, a true gem in the Formula 1 calendar, will remain a must-see event until 2031. A contract extension worth over 172 million euros was signed this week, ensuring the continuity of this iconic event in the championship.

A significant increase in the annual contribution

From now on, Monaco will pay 30 million euros annually to maintain its place in the calendar. This amount, double compared to the previous agreement, reflects the symbolic and commercial importance of the Grand Prix in the Formula 1 landscape. Despite this increase, the discussions were conducted in a relaxed atmosphere, far from the tensions of previous negotiations.

A modified date, but an unchanged path

Starting in 2026, the race will no longer take place at the end of May, but at the beginning of June. If the calendar changes, the iconic circuit of Monte-Carlo, with its narrow turns and limited straight lines, will remain the same. Formula 1 acknowledges the constraints of adaptation related to the urban environment, even though overtaking remains rare due to the increasing dimensions of the single-seaters.

New opportunities

The Prince Albert, Stefano Domenicali, CEO of F1, and Michel Boeri, president of the Automobile Club de Monaco, were the main architects of this agreement. The collaboration unfolded smoothly, in contrast to the previous renegotiation where Monaco had to give up producing its own television images.

The renewal also includes a change in the management of sponsors. Tag Heuer, Monaco’s historical partner, will be able to display its brand again without conflicting with Rolex, which is no longer a global sponsor of Formula 1.

>This decision follows a colossal partnership with LVMH, a French luxury giant, whose ten-year contract will start in 2025.

This new agreement illustrates Stefano Domenicali’s desire to preserve historic circuits while developing new markets. If iconic destinations like Monaco retain their place, Formula 1 is also looking to expand. <a href = "/f1/actualite/35093-towards-return-f1-africa-kyalami-quest-accreditation-fia.html" title = "Towards a return of F1 in Africa: Kyalami in search of FIA accreditation"

"A return to Africa is always part of the ongoing projects in order to diversify and strengthen the reach of the championship."

By keeping Monaco on its calendar, F1 ensures that the glamour, history, and exclusivity of this place remain at the heart of its DNA.