F1 has announced a contract extension with Monaco GP with the prestigious street circuit to remain on the calendar for three more years.

Amid speculation of the historic street circuit getting dropped due to differences between F1 management and the organisers of the grand prix, there is official confirmation now for the Monaco GP to stay on the calendar after a new deal was signed on Tuesday.

The agreement between F1 and Automobile Club of Monaco was reached to keep the Monaco GP on the calendar for three more seasons until 2025. The date for the 2023 race was also revealed by the FIA, to take place on May 26-28.

“I am pleased to confirm that we will be racing in Monaco until 2025 and excited to be back on the streets of this famous Principality for next year’s Championship on May 28,” said F1 boss Stefano Domenicali.

“I want to thank everyone involved in this renewal and especially H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and all his team. We look forward to being back next season to continue our partnership together.”

At the same time, Michel Boeri, President of the Automobile Club of Monaco, added: “In the interest of the Formula One World Championship, and after several months of negotiations, we are proud to announce that we have signed a three-year agreement with Formula One, and likely to be renewed.”

Here’s the F1 2023 calendar