Monza 'very close' to new F1 deal

By on Wednesday, June 22, 2016
Red Bull/Getty Images

Red Bull/Getty Images

The President of the Automobile Club d'Italia says Monza is "very close" to extending its deal to remain on the Formula 1 calendar.

Monza has hosted the Italian Grand Prix for all bar one year since Formula 1's foundation in 1950 but its current contract expires at the end of 2016.

Speaking at the FIA Sport Conference in Turin, ACI President Angelo Sticchi Damiani explained that Monza was edging towards a new deal.

"Let’s say it is a difficult negotiation," he said. “It is the first time in Italy that it takes a burden to organise a Formula 1 Grand Prix with significant funds.

"The fact that ACI is replacing the Automobile Club Milan - which is organising the Grand Prix this year - is of course a revolution, a quite relevant one.

"Thanks to the support of the Lombardy regional authority, and hopefully also thanks to a national sponsor - although these have to be defined in the details - thanks to these supports, we managed to begin [negotiations] in February.

"In Monte Carlo we found many common points with [Bernie] Ecclestone.

"There are things that still have to be defined, but I dare say we are very close to an agreement despite some actions which have not helped the negotiations. Quite the opposite, it has made it difficult."

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