The future of the Monaco grand prix is assured for the next ten years.<\/p>\n
Bernie Ecclestone said recently that formula one could “do without” its famous annual round on the streets of the Principality.<\/p>\n
Former driver Patrick Tambay surmised it was a ploy to drive the organisers’ fees “upwards”, and the Automobile Club de Monaco confirmed it is in “negotiations” with the F1 chief executive.<\/p>\n
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.<\/p>\n
“The next Monaco grand prix will take place on May 29, 2011,” the statement added.<\/p>\n
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