Formula One chairman Chase Carey said on Monday that the Grand Prix of Monaco will be dropped in 2022 in favor of a three-day format for races across the globe.
The race in Monaco was the first in the calendar when it was held in 1934. It became a regular at the start of a new season in 1950 and is the longest-running race in the world of motorsport.
“The format changes in the future will reduce costs,” Carey said. “The three-day event will enhance fan safety.”
Carey said he hopes to make the announcement before the third race of the season in Australia, and that there would be further news at the British Grand Prix this weekend.
The changes are part of a drive by Formula One to increase the size of its global audience and raise its profile. Carey said it was, “not a short-term change” and that he would look at other changes to the sport.
“For many years the F1 fans have been asking for three days (of races), now we’re listening to them and we have to increase the fan experience,” he said.
As part of the new format, drivers will be able to enter their own race.
F1 has made changes to the start to races in recent years and, after introducing new starting cars in 2018, has also spent this year introducing and tweaking the defensive car-to-car braking systems to reduce collisions.
“We haven’t completed the testing, but the car-to-car braking systems have been taken out of the car and you can only brake on the track,” Carey said. “It’s no longer a ‘bike against bike’ that your car prevents your car from going into another car, but now it comes down to the brakes of your car and if you don’t have the right brakes you don’t have a good race.”
In 2019, Australia, China, Bahrain, Canada, Italy, Russia, United States and Mexico will host the first four races of the season. After the first race in Melbourne, the series will move to the United States, where the Austin Grand Prix will take place in April.
Carey said new races for Bahrain, Russia and Mexico will come in 2021, taking the total number of races in the series to 10.