The organisers of the Monaco GP are refusing to comment on Bernie Ecclestone's claims that the Principality could lose its race.
Ecclestone, who is looking for ways to keep the calendar down to 20 grands prix while still including new countries, recently stated that Monaco could lose its place.
"I think it is possible (to have F1) without Monaco," the F1 supremo told Sport1. "They do not pay enough."
The organisers of the Principality's event, though, are refusing to get drawn into a public slinging match with Ecclestone.
"The Automobile Club de Monaco does not wish to comment on the statement given by Mr. Ecclestone relating to the future of the Monaco Formula 1 grand prix," said a statement on the ACM's official website.
"Assuming that this information is verified by Mr. Ecclestone and the media where it was reported, one must still understand the context under which such sentiments were made.
"The reality is much simpler: a negotiation is ongoing between the Automobile Club de Monaco and Formula One Management.
"In time, the Automobile Club will not fail to communicate the signing of an agreement."
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