The organizers of the Monaco Grand Prix do not feel any concern about the future of one of the historic events of the Formula 1 calendar. They are in fact in the middle of talks for the renewal of the contract to remain in the calendar of the Circus world champion beyond 2022.
Concerns related to the permanence of the Monaco Grand Prix are linked to the fact that, over the last few seasons, the F1 calendar has been continuously expanding, incorporating races such as Miami and Las Vegas. Fast city circuits, of a different nature than in Monaco.
And then the economic aspect, which is never secondary to anything, in anything: the promoters of the event in the Principality never paid the hosting fee. Stefano Domenicali, CEO and president of F1 recently warned: “It is no longer enough to have a pedigree” to keep one’s place on the calendar. Furthermore, the arrival of new events could have forced traditional grand prix organizers to raise their level of quality.
After confirming the entry of the Las Vegas Grand Prix, which will take place starting next season, McLaren chief executive Zak Brown told Reuters that: “Monaco needs to have the same commercial terms as the other greats. premi “, but also to think about its layout, not suited to the size and needs of the current single-seaters.
The current Monaco GP contract with F1 expires at the end of the 2022 edition of the event. For this reason, the president of the Automobile Club de Monaco, Michel Boeri, responded to concerns about the future of the event by showing confidence in the renewal of the F1 contract.
“I would like to refer to what I have read in the press, where it is said that we may find ourselves struggling and struggling to organize F1 races after the 2022 event. So already next year,” Boeri told La Gazette de Monaco.
“It was implied that the fees requested by Liberty Media were excessive for Monaco and the GP would no longer be held. This is not true. We are still in talks with them and we have to close the deal with a contract.”
“I can assure you that the GP will continue to take place beyond 2022. I don’t know if it will be a 3 or 5 year contract, but this is a detail”.
Reassuring words, those of Boeri. Meanwhile Domenicali always has the goal of balancing the upcoming events on the calendar and expanding into new markets, rotating some races where most appropriate. Another event that could be on the grid is the French Grand Prix, which has the contract expiring next year.
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