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F1 doubled Monaco GP race fee for 2031 extension
Nov.15 Monaco GP organisers have agreed to pay double the annual race fees in order to secure a new Formula 1 race deal. The sport, and its governing body, the FIA, on Thursday hailed the renewal of the Monaco GP deal through 2031, with F1 CEO Stefano Domenicali declaring he is 'delighted' Formula 1 will remain in the Principality. But according to multiple authoritative sources, including Radio Monte Carlo, Bild newspaper and La Gazzetta dello Sport, the deal is costing Monaco a lot more. 'In recent years, Monaco has paid only 12 million euros per year to Formula 1, and for decades it paid nothing at all,' the German newspaper Bild said. 'Now the Principality has to dig deeper into its...
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