Formula 1 | Monaco GP: The Prince intervenes in the negotiations between the ACM and F1
The Prince of Monaco intervened directly in the Principality’s difficult negotiations with Formula 1 over a new contract for 2023.
That’s the claim of long-time Monaco resident and 2016 world champion Nico Rosberg as the sport prepares to unveil in October what is expected to be a 24-race calendar for next season.
F1 CEO Stefano Domenicali indeed told Liberty Media investors late last week that demand from potential new Grand Prix hosts was “very, very high”in the midst of rumors according to Paul Ricard, Spa but also Monaco could have to give way.
“Of course we expect to have a few more classes than this year, but less than 25 for sure,” clarified Domenicali.
Rosberg hopes there will be room for Monaco – arguably the most famous race on the calendar but also the least lucrative for F1 due to its particularly advantageous contract terms which recognize the importance of the event.
That recognition is now in question as the race’s promoter, the Automobile Club de Monaco, negotiates with Domenicali.
“Prince Albert intervened in the negotiations because the representatives of the Automobile Club of Monaco continue to play very hard and tough,” explains Rosberg.
“In such a case, an intermediary was clearly needed to help both parties – in this case, the Formula 1 bosses and the club management – find a common denominator.
“Prince Albert is now taking an active part in the negotiations because the Monaco GP is so historic but also the most spectacular and glamorous race of the season.”
“It must continue” insisted the German, “But it is clear that the organizers will have to adapt. For example, we often see advertising banners of companies which are direct competitors of the sponsors of Formula 1.”
“So yes, it’s a difficult situation that they have to look for a way out of.”