Iconic F1 race signs multi-year deal, to continue to be on the calendar until 2031

Iconic F1 race signs multi-year deal, to continue to be on the calendar until 2031

Oscar Piastri of McLaren F1 Team, Charles Leclerc of Scuderia Ferrari, and Carlos Sainz of Scuderia Ferrari are celebrating on the podium- Source: Getty

F1 has announced a long-term agreement for the iconic Monaco Grand Prix, until the end of the 2031 season. The race in the principality is known as one of the "Crown Jewels" of motorsports, alongside the Indy 500 and the 24 hours of Le Mans.

The sport has been visiting the streets of Monte Carlo since the initial days of the championship, and the first street race has become a mainstay on the calendar.

However, the place of the Monaco GP in the calendar has come into question over the last couple of years due to a lack of racing action with the current generation of cars. The tight and twisty nature of the track pushes drivers to extract the maximum performance on a single lap but makes it difficult to overtake.

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