It was announced this morning that Monza is closing in on a new deal to secure another seven years of hosting Italian Grand Prix.
The historic circuit’s future has been in doubt for some time after failing to agree new terms for an extension beyond 2016 with F1 boss Bernie Ecclestone. There have been several alternatives for the Italian race were proposed for future; one of which included an alternate deal with former San Marino Grand Prix host Imola.
However, a recent amendment to Italy’s Stability Law now allows the Automobile Club of Italy (ACI) to help fund the event in the future which has now made a new deal more affordable.
In an interview with the media today, The head of the ACI Angelo Sticchi Damiani says talks for a new deal are now progressing well and is confident a deal will be completed soon to keep Monza on the calendar. Damiani stated the following:-
‘The Autodromo di Monza has had difficult times, but the worst is over and now we are close to signing with Ecclestone to have Formula One in Brianza for another seven years. We’re going to win a battle that led to the ACI making tremendous sacrifices.’
The Monza circuit which is nicknamed as the Temple of Speed by pundits, fans and the paddock, is the fastest circuit on the F1 calendar and featured in every F1 world championship season except 1980 and it is great to hear that a new deal could be reached in order to maintain the GP there and keep prestige in the ever expanding F1 calendar.