F1 remains loyal: Monaco GP stays on the calendar but moves position

The Monaco Grand Prix is one of the most iconic weekends on the Formula 1 calendar. However, its future was in doubt. Liberty Media, the owner of Formula 1, wants the race organisers through the principality to pay more than the current $20 million a year. Monaco pays the lowest entrance fee of all 24 Grands Prix on the current F1 calendar. That doubt has been removed with a new contract that will see racing in Monte Carlo until at least 2031.

Why the Monaco Grand Prix has changed its schedule

In the announcement, Formula 1 confirmed the race will take place on the first full weekend in June each year from 2026 onwards. This forms part of Formula 1's "sustainability endeavours and its ambition to create a calendar which is sustainable for all stakeholders." The race has taken place in June on a handful of occasions, but has traditionally taken place in May. The 2025 event will take place on 25th May.

“I’m delighted that Formula 1 will continue to race in Monaco until 2031. 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," said Stefano Domenicali, the President and CEO of Formula 1.

"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," he added.

This article has been created in collaboration with Corwin Kunst