There are many coveted race series including NASCAR that seem like they will never leave us; but one of them - Formula 1 - has its own future potentially hanging in the balance for now.

Experiencing one of its most popular weekends in recent years, the 2022 Monaco Grand Prix delivered one of the best finishes of the 2022 Formula 1 season, so far.

Unfortunately, like much of the history of the Monaco Grand Prix, the race finished second to the importance of motorsport politics and bureaucracy.

Rather than the usual qualms of a boring race, it is the future of the race itself that hangs in the balance as the contract between the Automobile Club de Monaco (ACM) and Fédération Internationale de l'Automobile (FIA) is set to expire after the end of the 2022 race.

As F1's oldest and most famous race rests in limbo, it's breathtaking backdrop and unrivaled qualifying experience remain one of the season's best stages — even with the addition of multiple destination cities.

Thanks to a video courtesy of The Race's YouTube channel, we get the lowdown on the most recent issue to threaten the future of a motorsport series loved by many, many fans across the world.

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Formula 1 2022: A Hazy Future For Monaco

As rumors swirl amongst the Paddock, the future of Monaco appears to be in great danger as talks between the FIA and ACM have stalled.

With more than a couple of issues to address, the old-school approach at the ACM has long been a point of contention about the FIA's intent to grow the sport for the next generation of fans.

However, the two governing bodies reached an impasse when discussing a few key factors that include the price ACM pays to reserve its place on the schedule, then the FIA's plan to group races by region rather than jet-setting back and forth, and, of course, television and advertising rights.

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Adapt Or Die: Formula 1 Needs To Survive

Monaco Skyline, view from afar in the air
Via: YouTube via The Race

Like any other dispute between governing bodies, those most affected are the competitors and fans, alike - as a result of ACM maintaining strict rights to the race and its distribution, multiple key moments in years past have arguably all been but erased, affecting a driver's ability to show the world their talent, and the fans' ability to witness legendary moments in real-time.

With the FIA turning to its drivers to ask for their opinion on the matter, the consensus appears to be that the Monaco Grand Prix is no longer untouchable like years past — with drivers reportedly on board with sending the ACM a message in the form of a boycott of the race next year.

As Mercedes-Petronas team principal, Toto Wolff puts it, "Monaco might have to be willing to embrace the new reality."

Wolff also addressed the elephant in the room after conveying that the ACM needs Formula 1, more than Formula 1 needs the ACM.