The Dutch and Spanish Grands Prix have also got postponed because of the coronavirus pandemic, but are likely to get rescheduled 'as soon as it's safe to do so after May.'

AceShowbiz - Formula 1's Monaco Grand Prix has been postponed hours after it was revealed the principality's Prince Albert had tested positive for COVID-19.

The big race, which was scheduled for 24 May, joins the Dutch and Spanish Grands Prix, which were also axed on Thursday, March 19.

Federation Internationale de l'Automobile officials made the decision to cancel the races "in order to ensure the health and safety of the traveling staff, championship participants and fans, which remains our primary concern".

They are reviewing the possibility of staging the cancelled race meetings later in the year.

"Formula 1 and the FIA expect to begin the 2020 championship season as soon as it's safe to do so after May and will continue to regularly monitor the ongoing COVID-19 situation," a statement reads.

Meanwhile, Prince Albert, 62, insists he's OK after testing positive for coronavirus. He is being treated by doctors at Princess Grace Hospital - the medical and care facility named after his late mother - in London.

Albert becomes the second royal to test positive for the virus - earlier this week, Karl von Habsburg, the Archduke of Austria, announced he was battling the disease.

The 59-year-old, who is the head of the House of Habsburg-Lorraine, has been quarantined since 12 March, after falling ill with what he thought was the flu.

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