Formula 1 has extended its partnership with Monaco’s iconic street circuit on the F1 calendar until 2031, thanks to a new six-year extension of its agreement wi

For over 70 years the Monaco Grand Prix has been one of the signature events no only of Formula 1 racing, but of professional racing in general. This week Formula 1 took a step to ensure that the Monte Carlo track remains a part of the racing calendar for years to come.

The F1 market is highly lucrative. Parent company Formula One Group is worth around $17.35bn (€15.94bn), making it the world's 1072th most valuable company, according to companiesmarketcap.com. View o