“We can only rejoice at this news”: Prince Albert II shares his satisfaction after the renewal of the contract between the Monaco Grand Prix and Formula 1

2024-11-17 14:55:00

On the occasion of National Day, Prince Albert II granted an exclusive interview to Monaco-Matin (to be published Monday and Tuesday in the paper newspaper) where he notably shares his satisfaction after the decision of the Formula 1 teams, announced on November 14, to extend the contract that binds them to the Monaco Grand Prix until 2031.

“We can only rejoice at this news. I knew it was on the right track, as of Wednesday [13 novembre]both the president of the Automobile Club, Michel Boeri, and Stefano Domenicali [patron de la F1, NDLR] informed me of this. There were still a few details to sort out which took a little longer than expected.”explains the Sovereign in the interview to appear in the columns of Monaco-Matin.

“I think, without committing too much, that it will also be renewed after this date”

“We had to find compromises, not as everyone imagines on the price of the set, but on different arrangements, so that Liberty Media could receive more and more guests. And everyone knows that this is not the case. It’s not easy to find space at the edge of the circuit.”

The new contract marks the extension of this partnership which was to end in 2026, until 2031. “We now have this six-year perspective,” welcomes the Sovereign, who also showed confidence in the future of this legendary competition in the Principality which has been held every year in May since 1929 (1950 for F1, which will celebrate its 75th anniversary in 2025). “I think, without committing too much, that it will also be renewed after this date.”

Enough to also satisfy Charles Leclerc, the Monegasque driver who won the 2024 Grand Prix at home, who knows that he will be able to perform for a few more years in his country.

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What ⁤are the economic benefits of the Monaco Grand Prix for the local businesses in ⁣Monte Carlo?

**Interview⁢ with Prince Albert​ II‌ on ⁢the Extension of the Monaco Grand Prix Contract**

**Interviewer:** Your Serene Highness, thank you for ⁢joining us ​today. We⁣ understand that you are⁢ quite pleased ‌with the recent news ⁤regarding the Monaco Grand Prix.​ Can you share ⁣your‍ thoughts on the extension of the ⁢contract with the Formula 1 teams until 2031?

**Prince Albert II:** Thank you for having me. Yes, we can‌ only rejoice at this news. ​The Monaco‍ Grand Prix is not just an event; it’s a vital part of our ​identity and heritage here in⁣ Monaco. The⁢ extension ensures that this prestigious race will⁢ continue to⁢ attract teams,⁢ drivers, and fans from all over the world for many years to ⁤come.

**Interviewer:** You mentioned that you were informed ahead of time ​about the negotiations. How did the discussions⁢ evolve ⁣leading up to this decision?

**Prince Albert II:** I⁢ was kept in the loop⁤ by both Michel Boeri,⁢ the president of the Automobile Club, and Stefano ​Domenicali, the CEO of Formula ‌1. I could sense that we were on the right ​track, but ​there were still ⁣a few details to iron out, which took a bit longer than we anticipated. ⁢Nevertheless, I always had ‍faith ⁤that a positive resolution was ⁤forthcoming.

**Interviewer:** How​ important do ​you believe the ‌Monaco Grand Prix is for ​the local economy and ⁢for Monaco’s international image?

**Prince Albert II:** The Grand Prix is crucial⁢ for our economy. It generates significant tourism, drives‌ revenue for local businesses, and showcases Monaco on an international stage. It reinforces our image​ as a​ premier destination for prestigious events. The​ buzz‌ and excitement surrounding the race bring⁤ people together​ and⁤ enhance‌ our community spirit.

**Interviewer:** Looking forward,⁣ what are your hopes‍ for the future of the Monaco Grand Prix and its role in ⁢Formula⁣ 1?

**Prince Albert II:** I ⁣hope we can continue to innovate the event while preserving its traditional charm. As we move forward, it’s essential to⁣ embrace advancements in technology and sustainability within the sport. Maintaining our unique character while evolving to meet modern expectations ⁢will be vital for the Grand Prix’s future success.

**Interviewer:** ⁣Thank you, Your Serene Highness, for your insights. ​We look forward to the ongoing legacy of the ⁤Monaco Grand Prix.

**Prince Albert II:** Thank you for having me. It’s always a pleasure to discuss Monaco’s cherished ⁣traditions and future aspirations.