Monaco secures contract extension until 2031
Formula 1 has announced that the Monaco Grand Prix has extended its contract, which means that the Principality will stay on the F1 schedule until at least 2031.
The famous Monaco Grand Prix featured on the first Formula 1 World Championship calendar in 1950 and has been ever present since 1955.
The 2025 Monaco Grand Prix will take place next year from 23-25 May and will mark the 75th anniversary of the race’s official F1 debut.
The track that is located on the banks of the French Riviera, is famous for its challenging layout which sees drivers tackle the slowest corner on the Formula 1 circuit, the Loews Hairpin and the iconic Casino Square and Swimming Pool sections.
Five of the current driver line-up stand alongside legends including Ayrton Senna, Alain Prost, Michael Schumacher and Niki Lauda in having triumphed around the 3.3km circuit. Fernando Alonso, Lewis Hamilton and Max Verstappen have all won multiple times, alongside Sergio Perez and hometown hero Charles Leclerc – who created history this year when he became the first Monegasque to win the Grand Prix in Formula 1 history.
This year's Monaco Grand Prix weekend was watched by a cumulative audience of over 70m fans and was the most watched edition of the race in US history, and the third most-viewed F1 race of all time in the US.
In addition, Formula One has also confirmed that the Monaco Grand Prix will take place in June each year from 2026 with which the sport intends to create a calendar which is sustainable for all stakeholders.
“I’m delighted that Formula 1 will continue to race in Monaco until 2031,” said Stefano Domenicali, President and CEO of Formula 1. “The streets of Monte Carlo are unique and a famous part of Formula 1, and the Monaco Grand Prix 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.”
Commenting on the announcement, Michel Boeri, President of the Automobile Club of Monaco, added: “I would particularly like to thank H.S.H. Prince Albert II of Monaco, Stefano Domenicali, and everyone involved in the extension of this contract.
“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 Grand Prix 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.”
