New law threatens Monza's F1 future

The future of the historic Grand Prix at fabled Monza has taken a blow this week, according to reports in the Italian press.

F1 supremo Bernie Ecclestone warned earlier this year that the existing Italian Grand Prix contract, running only until 2016, is a commercial "disaster".

And now, more bad news for Monza has emerged from the government, Italian newspapers including La Stampa reveal.

It is about the so-called 'legge di stabilita', or stability law, in which a decision of the senate has made the collapse of the Italian Grand Prix beyond 2016 reportedly more likely.

Reports said an amendment of the law allowing a tax exemption to the tune of about EUR 20 million has been ruled out.

Politician Fabrizio Sala is quoted as saying: "The stability law penalises Monza and its Autodrome, putting at risk the future of the Formula One Grand Prix".

But former F1 driver Ivan Capelli, who this year became a director of the automobile club of Milan, vowed to fight for the Italian Grand Prix.

"Our commitment to find the resources needed is clear," he insisted.

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About this article
Series Formula 1
Drivers Ivan Capelli , Bernie Ecclestone
Article type Breaking news
Tags monza