Monaco continues to be discussing a brand new contract with Formula One however the way forward for the show off race past this yr is confident, in keeping with the pinnacle of organisers the Automobile Club de Monaco (ACM).
ACM president Michel Boeri hit again at media studies that Monaco used to be at risk of losing off the calendar for monetary causes after 2022.
“It was suggested that Liberty Media’s demands were too excessive for Monaco and the Grand Prix would no longer be held,” France’s Auto Hebdo mag quoted Boeri as pronouncing of the studies.
“That’s not true. We are still in talks with them and we must now make it concrete by signing a contract. I can guarantee you that after 2022 the Grand Prix will continue to take place.
“I do not know if the contract can be for 3 or 5 years, however that is a element.”
Monaco featured on the very first Formula One world championship calendar in 1950 and has long been considered a jewel in the sport’s crown and a race every driver dreams of winning.
However, it now faces competition from the likes of Singapore, Abu Dhabi, Miami and Las Vegas in the glamour stakes, with some suggesting Monaco needs to modernise and pay more to host the race.
McLaren boss Zak Brown told Reuters this month that Monaco “wishes to return as much as the similar industrial phrases as different grands prix.”