The Monaco Grand Prix has been canceled as Formula 1 continues to deal with the impacts of the coronavirus. In addition, the FIA and all 10 teams have agreed to delay the introduction of new regulations and new cars until the 2022 season.
On Thursday afternoon, organizers of the most famous race on the motorsport calendar confirmed that running the event was “no longer tenable” and that it will be canceled, as opposed to rescheduled.
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“The current situation concerning the worldwide pandemic and its unknown path of evolution, the lack of understanding as to the impact on the FIA F1 World Championship 2020 [influenced the decision],” organizers said. “[And] the uncertainty with regards to the participation of the teams, the consequences with regards to the differing measures of confinement as taken by various governments worldwide, the multi-border restrictions for accessing the Principality of Monaco, the pressure on all implicated businesses, their dedicated staff who are unable to undertake the necessary installations, the availability of the indispensable workforce and volunteers (more than 1500) required for the success of the event means that the situation is no longer tenable.”
In equally-as-dramatic news, Formula 1, the FIA, and all 10 teams joined a conference call during the week and agreed to delay the introduction of all-new cars from the 2021 season until 2022. The new cars will feature overhauled designs and have a focus on ground effects to improve racing.
What this means is that the current 2020 regulations will be carried over into next season. Interestingly, the budget cap of $175 million per team will still come into force in 2021 as originally planned.
