F1 has agreed a new six-year deal with the Monaco Grand Prix, keeping the famous race on the calendar until 2031 inclusive. The race in the principality featured on the first F1 world championship calendar in 1950 and has been an ever-present since 1955.

The outgoing CEO of Formula One’s owner, Liberty Media, does not think there is “any plan to sell” the racing series, saying it has a “great future.” Liberty announced on Wednesday that Greg Maffei, who has served as its CEO for 19 years, will step down from his role at the end of the year upon the expiration of his contract.