Mercedes boss Toto Wolff has warned the current format is jeopardising the show
The Monaco Grand Prix will continue for three days next year but be cut back to two days from 2022, Formula 1 boss Chase Carey has confirmed.
Carey said having the race for three days next year had led to a “crisis in the organisation”, with a race this year from 29 to 26 days.
He said he had “opened up a dialogue” with Ferrari president Sergio Marchionne about a change.
The Grand Prix Drivers’ Association has asked for the race to be reduced to two days.
The decision on the timing was taken by teams, as part of an agreement with organisers earlier this year on hosting times for the future races.
“Monaco is the pinnacle of Formula 1,” Carey said. “As we move forward, we do need to look at the long-term calendar which has more race days. We just have to keep working to add more race days to the calendar.”
He was speaking after Marchionne’s appearance at a conference in Miami on the state of Formula 1.
Marchionne said: “The Monaco Grand Prix should not be running for three days.
“We all know that Monte Carlo is in crisis. It is ready to attract another major international city.
“When you have an institution that has been around for 150 years you cannot change the structure too much.
“Sergio believes it should not be extended, it should be cut back to two days, make it more reasonable and not take so much of the resources. We have to meet and analyse it. It’s more than an option.
“But there is a reason Formula 1 is there and it is an important race and so on.”