Raikkonen gets Monaco grid penalty

The team has confirmed Raikkonen was handed a new gearbox prior to qualifying around the streets of the principality, so incurring the five-place demotion.

Raikkonen was considerably off the pace in final practice, finishing nine tenths of a second slower than team-mate Sebastian Vettel, who led the way with a lap of 1m14.650s.

It was later discovered Raikkonen's gearbox had sustained damage during the 60-minute session, resulting in the change.

At a circuit where grid position is paramount, the change is a severe blow to the Finn's chances of a podium place on Sunday.