Bernie Ecclestone is considering dropping the Monaco GP, saying the Principality does not "pay enough".
Monaco has been on the F1 calendar since 1955, however, the Principality reportedly does not pay to host the grand prix whereas other countries pay an average of 24million Euros.
And with Ecclestone looking to scrap existing races in order to sign up new countries and keep the calendar to a maximum of 20 grands prix, Monaco could be given the axe.
"I think it is possible (to have F1) without Monaco," the F1 supremo told Sport1.
"They do not pay enough."
However, with India and America are set to join the calendar in the next two years and Ecclestone looking at Russia and South Africa, Monaco is not the only European race that is under threat.
"The Europeans have to pay more money or we have to go elsewhere," added the 79-year-old.
