Monaco official denies F1 charges no race fee for Monaco Grand Prix
A principality official denies that Monaco pays no fee to host the F1 Monaco Grand Prix in Monte Carlo.
The race is commonly called F1’s jewel amid rumors its history and status meant it was the only event on the Formula 1 schedule that is charged no fee.
“That’s just a rumor,” Monaco’s Prince Albert II told the FIA magazine Auto. “Maybe the rights are less expensive than for other circuits, but there is a fee.”
The prince’s comments come after the now-ousted F1 boss Bernie Ecclestone recently admitted that he overcharged some race promoters. Meanwhile, it appears that Ecclestone actually undercharged Monaco.
Prince Albert II said: “Bernie was well aware what Monaco brought to Formula 1 — he said it himself, as do the sponsors and drivers. He always took care of us, but he still made us pay what he reckoned was the right amount.”