F1 extends deal with Monaco

Sports Network

, Last Updated: 3:04 PM ET

LONDON -- Formula One racing will continue in Monaco for another 10 years after a contract agreement was reached on Wednesday.

F1's Bernie Ecclestone and Monaco Automobile Club president Michel Boeri met Wednesday in London to work out details of an extension.

This year's Monaco Grand Prix was won by Mark Webber.

Next year's race is scheduled for May 29.


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