Monaco signs a new deal with Formula 1

Monaco signs a new deal with Formula 1

The Monaco Grand Prix will remain on the Formula 1 calendar, after a new deal was announced that will see the sport race at the principality until 2025.

Formula 1 will have a record 24 races next season with Las Vegas making its floodlit debut in November and Monaco signing a new deal to secure its place on the calendar until at least 2025.

The governing FIA announced approval of the calendar on Tuesday, with the Las Vegas Strip circuit taking a Nov. 18 date as the season’s penultimate round and third in the United States.

It will also be the first race to be held on a Saturday since 1985.

Monaco, historically the most glamorous race, had its future thrown into doubt earlier in the year amid contract renewal talks.

A three-year deal for Monaco

Formula 1 said a new three-year deal had now been signed with the Automobile Club de Monaco, whose president Michel Boeri added that it was likely to be renewed.

The principality retains its traditional May 28 slot as the eighth race and middle part of a triple-header with Italy’s Imola and Spain’s Circuit de Catalunya near Barcelona.

F1 CEO Stefano Domenicali commented on the Monaco news saying: “I am pleased to confirm that we will be racing in Monaco until 2025 and excited to be back on the streets of this famous Principality for next year’s Championship on May 28.

“I want to thank everyone involved in this renewal and especially H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and all his team. We look forward to being back next season to continue our partnership together,” the Italian added.

Michel Boeri, President of the Automobile Club of Monaco, added: “In the interest of the Formula 1 World Championship, and after several months of negotiations, we are proud to announce that we have signed a three-year agreement with Formula 1, and likely to be renewed.”

This season was to have had a record 23 races but that was reduced to 22 after Russia’s race in Sochi was cancelled following the invasion of Ukraine. Bahrain will open the season on March 5 with Abu Dhabi hosting the final round on Nov. 26.

2023 F1 calendar avoids clashes with Le Mans

The calendar also avoids a clash with the 24 Hours of Le Mans sportscar race which will be celebrating its 100th anniversary next year on June 10-11.

The British Grand Prix at Silverstone on July 9 will be on the weekend before the Wimbledon men’s and women’s tennis finals on July 15-16.

The traditional August break is maintained, with Belgium becoming the last race before it at the end of July – and following on from Hungary – rather than the first after.

Belgium’s longer-term future remains uncertain, with organizers signing only a one-year extension last month.

“The presence of 24 races on the 2023 FIA Formula 1 World Championship calendar is further evidence of the growth and appeal of the sport on a global scale,” said FIA president Mohammed Ben Sulayem.

“The addition of new venues and the retention of traditional events underlines the FIA´s sound stewardship of the sport,” the Emirati added .

China returns to the calendar

Qatar, with a race on Oct. 8, returns as a fourth Middle Eastern round after being absent this year due to the country hosting the soccer World Cup.

China, which last hosted a race in 2019, returns despite lingering uncertainty over COVID-19 restrictions while France, whose race was at Le Castellet’s Circuit Paul Ricard near Marseille, has been dropped as previously announced.

Formula 1 has also been negotiating with South Africa’s Kyalami circuit but that deal has yet to be done.

Azerbaijan and Miami remain as back-to-back races on April 30 and May 7 respectively.

There was no confirmation of which races would be held in the sprint format, with the sport seeking as many as six after three this year.

“Formula One has unprecedented demand to host races and it is important we get the balance right for the entire sport,” said Stefano Domenicali.(Reporting by Alan Baldwin, Additional reporting by GrandPrix247)