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Cancelled Grand Prix dents iconic Monaco's prestige
Casino wheels have stopped turning, the Champagne is stuck on ice, and yachts bob silently in the famous harbour but Formula 1’s raucous circus won’t be coming on May 24 for the iconic Monaco Grand Prix. The race was cancelled on March 19 because of the coronavirus outbreak, with the jewel in F1′s crown removed for the first time in 66 years. It's a blow to the tiny principality’s huge prestige and its finances. Lost revenue comes to about 140 million euros ($150 million) when you factor in early May's Historic Monaco GP — an event featuring old racing cars and also cancelled. Monaco’s F1 race has been part of the principality’s image since 1929. Ask people what Monaco...
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5y ago from GrandPrix247.com
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