The Monaco Grand Prix will remain on the F1 calendar until💫 2031 after signing a six-year extension worth £150 million, 🦂while from 2026, it will no longer clash with the Indy 500.

Monaco has been ever-present on the F1 calendar since 1955, with t🍰he iconic street race often referred to as the ‘jewel in the crown’.

However, the leg🀅endary street track has received criticism in recent years for its lack of overtaking opportunities, making for dull races.

But due to the nature of 🔯Monte Carlo, significant tweaks to the layout aꦬre unlikely.

According to the, the extension is worth 𒁏more than £150 million, with organisers agreeing to pay £25m per year.

The Monaco GP has ty🤪pically to🌄ok place during the last weekend in May.

From 2026, F1 will race in Monaco duri𒁏ng th𓆉e first full weekend in June.

This means it wil🦹l no longer clash with the Indy 500, which takes pl📖ace at the end of May.

Speaking of the news, F1 CEO S🌠tefano Domenicali said: “I’m delighted that Formula 1 will continue to race in Monaco until 2031.

“The streets of Monte Carlo are unique and a famous part of Formula 1 and the Monaco Grand Prix remains a race that all drivers dream of wi𒀰nning.

“I would like ꦉto extend a special thanks to H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and everyone involved in the extension of this important partnership.

“This agreement signals a new era of partnership and innovation between Formula 1 and Monaco. It is the future focused leadership of H.S.H. Prince Albert II of Monaco which will allow us to create an optimised calendar, which reduces pressure on﷽ logistics and to decrease the environmental impact of our global Championship, as we continue the path towards our Nꦯet Zero goal by 2030.”

Charles Leclerc won the 2024 F1 Monaco 𒉰Grand Prix from pole position as he won his home race for the first time.