The Monaco Grand Prix and Formula 1 are practically synonymous. With the exception of a few historic interruptions/cancellations, since 1929, motorsportโs elite have navigated the insanely tight corners of this iconic street circuit to pursue one of the most prestigious race victories available. Right next to taking P1 at the Indianapolis 500 and breezing past the chequered flag at 24 Hours of Le Mans (which together form the coveted Triple Crown).
But as the Monaco Grand Prix approaches the final year of its Formula 1 contract with financial negotiations reportedly set to be hostile, in addition to an increased level of scrutiny regarding Monacoโs boring one-dimensional nature โ i.e. F1โs slowest corner in the Grand Hotel Hairpin (30 MPH), virtually zero overtaking opportunities โ the principality is now at risk of being dropped from the calendar altogether.
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Heritage, Historic Value, & One Helluva Party
โIt would be a bad move for both parties,โ Scuderia Ferrari driver and Monaco native, Charles Leclerc, says of this past weekendโs sell-out event (approximately 68,000 ticket holders FYI).
Leclercโs defence certainly holds weight considering how the Monegasque seems perenially cursed whenever he gets behind the wheel on home turf. Or perhaps the blokeโs simply holding out until he can secure that long-awaited W.
โI have never known Monaco without F1โฆ F1 without Monaco for me is not F1.โ
โMonaco is one of the best tracks out there. In terms of qualifying, there are no places I enjoy as much here, and where the driver can make as much difference.โ
โThe races are so close. The danger, you can still feel it because you really have the sensation of speed and in terms of qualifying it is probably the most exciting of the year.โ
โI agree in the races there are maybe some things we could change here and there to help overtaking. But in terms of challenge for the drivers, it is one of the toughest challenges of the year and a track like this should stay on the calendar.โ
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Leclerc isnโt exactly the sole party whoโd like the Monaco Grand Prix to remain in place, either. Whether itโs due to tradition, the sheer thrill of the storied 3.34-kilometre run, or a bloody cracking weekend to sink endless flutes of champagne and rub shoulders with the glitteratiโฆ just about every driver on the grid believes Monaco still has a place in modern Formula 1.
โI think if they would propose the plans nowadays with how the track layout is, probably it would not be on the calendar,โ explains Red Bull Racingโs reigning world champion Max Verstappen.
โBut I think because of the historic value, it belongs on the calendarโ
โIt has a unique kind of aura about it,โ says McLaren Racingโs Daniel Ricciardo.
โThereโs only one circuit that Iโve ever rocked up to the track on a boat. You pass one boat โ which is huge โ and then the next oneโs bigger and then bigger. Itโs literally surreal.โ
โI think it has to be in the calendar,โ states two-time world champion and current Alpine F1 driver Fernando Alonso.
โBefore 2011 or whatever, there were no overtakings in Budapest or in Barcelona or in Singapore, and they were not talking about removing those races.โ
โThis is one of the most exciting if not the most exciting race weekends of the year.โ
Sir Lewis Hamilton, 7-Time World Champion & Mercedes F1 Driver
โItโs one of the crown jewels of our sport. So Iโm not really sure it would be great to lose it.โ
So weโve heard the arguments โfor.โ What about the arguments โagainstโ?
Money Talks, Bullshit Walks
According to The Washington Post, the Monaco Grand Prix forks out a โnominalโ annual fee of around US$15 million to host its Formula 1 event, whereas others pay closer to US$60 million. And while the organisation isnโt looking to extort a kingโs ransom out of the sovereign city-state, it does expect a little more.
Especially in light of the fact Monaco enjoys the unique privilege of its own trackside advertising and corporate sponsorship deals instead of an F1-prescribed run sheet of brand agreements, e.g. reserving prominent trackside signage for TAG Heuer, a rival to F1โs official timing partner Rolex.
The cherry on top of this autonomy sundae? Much to both Formula 1 and the spectatorโs chagrin, Monaco is also the only race on the calendar where the broadcast isnโt helmed by the regular broadcast, often resulting in sub-par coverage that misses important incidents and key battles in favour of local or French drivers.
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โI think Monaco has had a very advantageous commercial agreement with Formula 1 forever, and I think all Formula 1 is trying to do is to get a commercial agreement in place thatโs more consistent with the other venues, while recognising its importance on the calendar,โ offers McLaren Racing CEO Zak Brown.
โI think Formula 1 is now of a size and scope that itโs bigger than any one team, bigger than any one driver, and bigger than any one race. I think, of course, none of us would want to see Monaco go but also understand as commercial rights holders.โ
โThey need to have an arrangement thatโs more consistent with the other venues given the demand of tracks that want to host grands prix.โ
โIf Monaco was a new circuit coming onto the calendar now and they said, โWell youโre going to have the lowest fee of every single circuit, youโre going to go there and you canโt overtakeโโฆ it would never be accepted onto the calendar,โ Red Bull Racing Team Principal Christian Horner pointed out during the Miami Grand Prix, the Formula 1 scheduleโs latest addition.
โI think that youโve got to evolve. If you stand still, then youโre going backwards, and I think that applies to all aspects of this sport.โ
โWe accommodate Monaco because of its heritage and because of its history. Thatโs it.โ
โItโs not enough to have a pedigree anymore. You also have to demonstrate that you are keeping up,โ says Formula 1 CEO Stenafo Domenicali.
โWe know we have to balance the arrival of new races with historic grands prix and tracks that must continue to be part of our calendar.โ
โThe arrival of offers from new promoters has an advantage for the F1 platform, and that is to force the organisers of traditional grands prix to raise their level of quality โ in terms of what they offer the public and infrastructure and management of the event.โ
Which brings us to the technical side of thingsโฆ
A New Era Of Racing
The cars have never been bigger. The demand for close racing has never been higher (hence the regulation update). These factors simply donโt make a case for a street circuit like Monaco.
โThe problem with making physical changes is that the nature of Monaco โ a 0.8 square-mile country hanging off a cliffside over the Mediterranean โ means there is no obvious space in which to change the track,โ writes Laurence Edmondson of ESPN.
โThere has been talk in the past of extending the circuit to the left before the tunnel, making use of a relatively straight piece of road along the beach.โ
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But as we know, those talks have ultimately led nowhere. A combination of a) the logistical difficulties associated with such an endeavour, and b) Monaco itself being adamant it doesnโt require any changes.
โI thought about that sometimes, but whether it would improve overtaking, I donโt know,โ adds Charles Leclerc.
โMaybe you could go left before the tunnel and do a big straight there, but how feasible that isโฆ Iโm not sure.
โOf course the overtaking is difficult, but I think what we all love as drivers is the challenge, especially in qualifying: to do that lap. Pushing that hard.โ
โThere are no tracks in Formula I that come close to the adrenaline we get here.โ
Financial debate, practicality, and entertainment value aside โ as for whether the Monaco Grand Prix has a future in Formula 1 from an official standpoint, weโll just have to wait and see how the negotiation process plays out.
