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Monza deal beyond 2019 still 'far away'

Published on 31 Jan 2019 12:47
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By: Fergal Walsh

A deal between Monza and Liberty Media is still far from being reached according to the Italian Grand Prix boss Angelo Sticchi Damiani. However, the Italian affirmed that a deal can be struck between the circuit and Formula 1's commercial rights holder.

Monza's current deal to host the Italian Grand Prix expires after the 2019 event. The track has hosted a world championship race every year bar 1950 bar once in 1980, when Imola was the home of the race.

Although the deal is still far from being penned, Damiani is confident that a renewal is on the way: "A renewal is far away but we are confident that a solution can be found in everyone's interests.

"As Monza is keen to host F1, so too is it important for F1 to have Monza," he added. For the 2019 edition we will pay $24 million, a very high price. We want to continue, but only in an economically sustainable framework. We cannot put the ACI's (Automobile Club d’Italia) budgets at risk."

Monza is one of five circuits that doesn't have a contract in place beyond the 2019 season, with the Circuit de Barcelona-Catalunya (Spain), Silverstone (Great Britain), Hockenheim (Germany) and Autodromo Hermanos Rodriguez (Mexico) the other events in danger of dropping off the calendar.

blade

Posts: 341

F1 without a race in Italy would be criminal. The core roots of European racing must be preserved otherwise what's it all for? Wow, a win in timbucktu - now there's a race that's gonna look good on the CV........ Liberty have some reality checking to do, make it affordable to even stage the eve... [Read more]

1
Jan 31 2019 - 19:01

F1 News BAR

Replies (8)

f1dave

Posts: 782
But, but, but, Viet Nam, second Chinese race, Miami, New York.
- + 0
- Jan 31 2019 - 15:51
- mcbhargav
  
  Posts: 1,332
  New track owner from USA: "My offer is this. Nothing"
  + 0
  
  Jan 31 2019 - 21:51
- ajpennypacker
  
  Posts: 2,475
  The Godfather lol
  + 0
  
  Jan 31 2019 - 22:10
blade

Posts: 341
F1 without a race in Italy would be criminal. The core roots of European racing must be preserved otherwise what's it all for? Wow, a win in timbucktu - now there's a race that's gonna look good on the CV........ Liberty have some reality checking to do, make it affordable to even stage the event is a pre-cursor, no-one wants to see any more races with 30 people in the main stand.
- + 1
- Jan 31 2019 - 19:01
calle.itw

Posts: 8,527
Monza is one of the better tracks on the calendar, so thats a track they kinda need to keep alive.
- + 1
- Jan 31 2019 - 21:08
- ajpennypacker
  
  Posts: 2,475
  I blame Italy, this has been an issue for a while. People obviously show up in droves. Everyone wants the race to take place, but somehow politicians and promotors can sort it out.
  + 0
  
  Jan 31 2019 - 22:11
- calle.itw
  
  Posts: 8,527
  Oh yes, Italy and Ecclestone are both very guilty in putting Mobza where it is today.
  + 0
  
  Feb 1 2019 - 07:20
mcbhargav

Posts: 1,332
Does a track attract $24 Mil over a Grand prix weekend? including ticket sales and advertisements? If Monza can't, very few other *independent* tracks could boast of it.
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- Jan 31 2019 - 21:50