After months of uncertainty, Formula 1 will continue to race in Monaco until 2025 after a new three-year agreement was finalised with the Automobile Club of Monaco (ACM).
There was uncertainty about the future of the Monaco Grand Prix, due to differences of opinion over the race hosting fee, TV rights, track-side sponsorship and infrastructure.
F1’s fustrations with Monaco were not just limited to the fee, there was annoyance about the nature of the TV direction, which had traditionally been done by a local director rather than F1 personnel.
As well as this, Monaco regularly did its own track-side advertising deals… Last year, Monaco did a deal with watch brand TAG Heuer which is a direct competitor of F1’s official timing partner Rolex and has prominent branding around F1 tracks.
Monte Carlo’s streets have been an important part of the championship since the first round back in 1950, the venue offering a unique challenging for the drivers and a back drop that is famous around the world.
Monaco will be the eighth round of the 24-race 2023 season on May 28th, the second part of a back-to-back with Imola.
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.
Stefano Domenicali, President and CEO.
In the interest of the Formula One World Championship, and after several months of negotiations, we are proud to announce that we have signed a three-year agreement with Formula One, and likely to be renewed
Michel Boeri, President of the Automobile Club of Monaco.

