Monaco GP extends F1 contract until 2031

• Contract originally set to expire at end of next season
• Race will move to first weekend of June from 2026

The Monaco Grand Prix will continue on the Formula One calendar after agreeing an extension until 2031.

The six-year extension agreed with the Automobile Club of Monaco (ACM) means the iconic race will remain on the schedule beyond the expiry of its contract next year.

As part of the agreement, the race will move from its traditional slot on the last full weekend in May. From 2026, it will be held on the first full weekend of June.

Next year’s race is unaffected by the change and will mark the 75th anniversary of the race’s official Formula One debut.

“I’m delighted that Formula One will continue to race in Monaco until 2031,” said Stefano Domenicali, president and chief executive of Formula One.

“The streets of Monte Carlo are unique and a famous part of Formula One, 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.”

Domenicali also emphasises that this deal has an environmental focus as the date change from 2026 “will allow us to create an optimised calendar, which reduces pressure on logistics, and to decrease [Formula One’s] environmental impact”.

Michel Boeri, president of ACM, added: “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.”

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BlackBook says…

The chances of this historic race dropping off the Formula One calendar were slim, but the relationship between the series and ACM has been terse of late.

The series has almost certainly secured a hosting fee increase from the circuit, which paid US$20 million per season as part of the previous deal, the lowest of any track.

ACM has also made numerous other concessions that appear to suggest a softening of the organisers’ stance, with the date change the most obvious of these.

While one week’s delay may not seem significant, this now gives Formula One the opportunity to run Miami and Canada as a back-to-back from 2026 and further improve the efficiency of the calendar.

It also removes the traditional weekend clash between the Monaco Grand Prix and the Indianapolis 500. This could see Formula One drivers finally be able to compete in IndyCar’s iconic race if the weekend is left free from 2026, providing the opportunity for a potentially far-reaching marketing exercise to the American audience.