The move would also end what has become a "greatest (if not longest) day of racing" in the U.S. where the F1 Monaco Grand Prix, Indianapolis 400 and NASCAR Coke 600 from Charlotte traditionally run back-to-back-to-back the Sunday of Memorial Day weekend.

Formula One’s most iconic race, the Monaco Grand Prix, will be staged in June from 2026 as part of a new six-year agreement to remain on the calendar.

Formula 1 has announced a new agreement with the ACM that will see the iconic Monaco Grand Prix remain on the F1 calendar until 2031.