F1. The Monaco Grand Prix renews its agreement with F1 until 2031

The Monaco Grand Prix, a true jewel of the Formula 1 calendar, will remain an unmissable event until 2031. A contract extension worth more than 172 million euros was signed this week, thus ensuring the sustainability of this legendary event in the championship.

A significant increase in the annual contribution

From now on, Monaco will pay 30 million euros per year to maintain its place in the calendar. This sum, doubled 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 carried out in a relaxed climate, far from the tensions of previous negotiations.

A modified date, but an unchanged route

From 2026, the race will no longer be held at the end of May, but at the beginning of June. If the calendar changes, the emblematic Monte-Carlo track, with its narrow turns and limited straights, will remain the same. Formula 1 recognizes the adaptation constraints linked to the urban environment, even if overtaking remains rare due to the increasing dimensions of the single-seaters.

New opportunities

Prince Albert, Stefano Domenicali, CEO of F1, and Michel Boeri, president of the Automobile Club of Monaco, were the main architects of this agreement. The collaboration took place 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 sponsor management. Tag Heuer, Monaco's historic partner, will once again be able to display its brand without coming into conflict with Rolex, which is ceasing to be a global sponsor of Formula 1. This decision follows a colossal partnership with LVMH, a French luxury giant, whose the ten-year contract will begin 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 return to Africa is still among the ongoing projects in order to diversify and strengthen the scope of the championship.

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