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 | Promoter of the Monaco Grand Prix: As a result, 2-3 European races will remain on the F1 calendar20-12-2024 |
Monaco predicts a reduction in European Grand Prix.
President of the Automobile Club of Monte Carlo and promoter of the Monaco Grand Prix Michel Boeri spoke about extending the contract for the race.
Boeri believes that with the new contract, the Monaco Grand Prix has managed to secure its future, while many other European Grands Prix will eventually begin to lose places in the Formula 1 calendar.
Under the terms of the new agreement, the Monaco Grand Prix will retain its place on the F1 calendar until 2031.
Compared to other European Grands Prix, we have several factors on our side that give us a slight advantage. But above all, there is no need for rotation with another Grand Prix.
Our race will be held every year. While many European Grands Prix will eventually disappear from the Formula 1 calendar, others will be forced to rotate among themselves.
I think that with the current level of demand and requirements of F1, in the end there will be 2-3 European Grand Prix on the calendar, and the main interest of Formula 1 will shift towards China and other continents.
Our negotiations on extending the contract lasted for at least six months. The problem was that once we verbally agreed on everything, we needed to draw up the contract itself - and this is 60-70 pages of agreement drawn up by American lawyers, we had to not miss anything.
Let`s just say it was a legal confrontation that went far beyond those small skirmishes with Stefano Domenicali, who in turn defended the interests of his side, Boeri said.
Where did the F1 paddock and its culture come from? Why are they so important and tickets cost from $6, 000?