Monza finalises new Italian GP contract

The Monza circuit has secured the future of the Italian Grand Prix after finally signing a new deal to retain the Formula 1 race.

After months of uncertainty about the future of the race, Monza chiefs announced in August that an agreement had been provisionally reached to extend the current deal until 2019.

The finer details were still being finalised, but on Tuesday Monza announced the contract has finally been signed.

"The renewal of the contract for the [Italian Grand Prix] at Monza has been signed," the circuit announced on Twitter.

The head of the Italian motorsport federation (ACI) Angelo Sticchi Damiani said: "We have avoided the possibility that, after 70 years, Italy could lose the most prestigious, historic and fascinating automobile races in the world.

"Now we move forward together, with the goal of making the grand prix at Monza an even more important event that fascinates and attracts more and more fans worldwide."

The new deal is believed to be worth around 70 million euro.

Next year's Italian Grand Prix is scheduled for September 3.

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About this article
Series Formula 1
Event Italian GP
Track Monza
Article type Breaking news