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Page last updated at 17:57 GMT, Wednesday, 28 July 2010 18:57 UK

Monaco Grand Prix extends F1 deal by 10 years

Red Bull's Mark Webber and Sebastien Vettel

Highlights - Webber wins Monaco GP

The Monaco Grand Prix will remain on the calendar for the next decade after securing a new 10-year deal with Formula 1 supremo Bernie Ecclestone.

The iconic Monte Carlo street race, won by Red Bull's Mark Webber in 2010, will next be held on 29 May in 2011.

Ecclestone previously suggested F1 did not need Monaco, saying: "We can do without Monaco, they don't pay enough."

But Ecclestone met Automobile Club de Monaco president Michel Boeri in London and agreed the new deal.

The Monaco Grand Prix dates back to 1929 and the new deal will ensure F1 returns to Monaco every year until 2020.

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see also
Webber wins crash-strewn Monaco
16 May 10 |  Formula 1
Monaco Grand Prix photos
16 May 10 |  Formula 1

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