Italian GP set to continue at Monza to 2024 | AP sports

02 Mai, 2019, 17:39 | Auteur: Adelaide Bullion
  • Italian GP set to continue at Monza to 2024 | AP sports

This year's Italian GP at Monza is the last under the terms of the current contract, and there had been fears that a lack of financing would leave the event unable to secure a new contract with Liberty Media.

However, while the ACI needs to reach agreement with FOM, there is still the little matter of the €60m needed to complete "urgent" renovations to the track.

The Italian Grand Prix is due to remain at Monza until 2024 after Formula One reached general agreement over the historic circuit's future with the Italian Automobile Club (ACI) yesterday.

However, President of the Automobile Club of Italy, Angelo Sticchi Damiani, announced on Tuesday via his Twitter feed that a deal had been agreed, but not officially signed.

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An F1 statement said it had reached an "agreement in principle for a new five-year deal" and it hoped to reach an agreement "as soon as possible".

Doubts have always been raised as to whether the Italian GP would remain on the F1 calendar, despite its historical significance, with Monza set to host the 70th edition of the fabled race in September.

The Northamptonshire track has been clear that it will not bankrupt itself to keep F1 but, despite lengthy talks, there has not yet been grounds to get the deal across the line. It is thought that the contract has been agreed but is yet to be signed.

Formula One's contracts with the British, Spanish, Mexican and German Grands Prix are also all up for renewal at the end of the year.

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