Monaco: Zero concerns over F1 future amid new contract talks

Monaco has long stood as one of F1's most prestigious events due to its rich history and glamorous image, acting as the original street race on the calendar in 1950.

But, amid the current expansion of the F1 calendar to include more city events such as Miami and Las Vegas, questions have been raised about Monaco's future, particularly as the race has traditionally not paid a hosting fee.

F1 CEO and president Stefano Domenicali recently warned that it was "not enough to have a pedigree anymore" for races to keep their place on the calendar, and that the arrival of new events would "force the organisers of traditional grands prix to raise their level of quality".

Following confirmation that Las Vegas would join the calendar from 2023, McLaren Racing CEO Zak Brown said in an interview with Reuters that he thought Monaco "needs to come up to the same commercial terms as other grands prix" and give thought to its track layout due to the demands of modern cars.

Monaco's existing contract expires after the 2022 race, but the president of the Automobile Club de Monaco, Michel Boeri, responded to concerns about its future by expressing his confidence that a new contract would be signed as negotiations with F1 continue.

"I'd like to refer to what has been read in the press, where it is said that we may struggle to keep organising grand prix races beyond the 2022 event, so as early as next year," Boeri said at an event with the marshals ahead of next month's race, according to La Gazette de Monaco.

"It was implied that the fees required by Liberty [Media] were too excessive for Monaco and the grand prix would no longer be held.

Max Verstappen, Red Bull Racing RB16B, leads Valtteri Bottas, Mercedes W12, Carlos Sainz, Ferrari SF21,