00:00Monaco will continue to host Formula One races until at least 2031 after a new six-year deal
00:08was agreed.
00:09There have been doubts about its future, however, because of questions regarding the sustainability
00:15of the Principality's narrow streets for racing modern F1 cars, plus concerns over finances
00:22and other issues.
00:24As part of the new deal, the race will move to the first full weekend in June from 2026.
00:30I'm delighted that Formula One will continue to race in Monaco until 2031, said F1 President
00:36and Chief Executive Stefano Domicali.
00:39The streets of Monte Carlo are unique and a famous part of Formula One.
00:44Crowds in Monaco are relatively small because of limited space, while it pays a relatively
00:49small hosting fee compared to other races.
00:52Overtaking is also notoriously difficult on the street circuit, leading to complaints
00:58about the quality of racing.
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