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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.
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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]