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Formula One
F1: Monaco GP Secures New 10-Year Deal
Formula One will make its annual trip to Monte Carlo for at least another decade...
SPEED Staff / GMM  |  Posted July 28, 2010   GMM Newswire
Formula One returns to the streets of Monaco this weekend. (Photo: LAT Photographic)
The future of the Monaco Grand Prix is assured for the next 10 years.

Bernie Ecclestone said recently that Formula One could "do without" its famous annual round on the streets of the Principality.

Former driver Patrick Tambay surmised it was a ploy to drive the organizers' fees "upwards," and the Automobile Club de Monaco confirmed it was in "negotiations" with the F1 chief executive.

With a brief statement on Wednesday, Ecclestone's Formula One Administration announced that a new contract has been agreed after a meeting in London with Michel Boeri, the Monaco club's president.

"The next Monaco Grand Prix will take place on May 29, 2011," the statement added.

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