COVID-19: Monaco Grand Prix canceled for first time since 1955

The Monaco Formula One Grand Prix, a glittering fixture on the world motorsport calendar for 65 years, was canceled on Thursday, the latest event to fall victim to the COVID-19 pandemic that has wreaked havoc on global sports events.

The race, due to be held in the Principality on May 24, was axed completely while the Grand Prix in the Netherlands and Spain were postponed.

"The situation is no longer tenable," said a statement by the Automobile Club de Monaco. "After careful consideration as to the gravity of this crisis worldwide, it is with great sadness that the board of directors has taken this decision."

It will be the first time since 1954 that there has not been a Monaco Grand Prix, part of motor racing's fabled "Triple Crown" which also includes the Le Mans 24 Hour Race and Indy 500.

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