Future of Italian Grand Prix at Monza secured
The future of the Italian Grand Prix at Monza has been secured following the signing of a new three-year deal.
The race at the historic venue – which has been on the F1 calendar in every season except for 1980 – was in doubt after the delay of the signing of a new contract, with this year’s edition of the race having been the last of its current deal.
Bernie Ecclestone announced at a press conference during the Italian Grand Prix weekend in September that a new three-year deal had been agreed. However, final confirmation was long in coming, with it being confirmed just before the announcement of the definitive 2017 F1 calendar at a meeting of the World Motor Sport Council in Vienna on Wednesday.
The BBC reports the deal to be worth €68m (£60.5m) over the next three years, citing a source close to the deal in its claim that “F1 will receive €22m in 2017 and 2018 and €24m in 2019”.
While Italy’s future is now secure, the German Grand Prix is unlikely to be on the new calendar for next season following comments made by the race organisers last week.
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