Italian Grand Prix officials have confirmed that an initial agreement has been reached to keep Formula 1 at Monza until 2024, although a formal contract is yet to be signed.
Monza has been a constant fixture on the Formula 1 calendar throughout its history, having held its first Italian GP back in the early 1920s.
The historic racetrack’s contract, signed back in 2016 with CVC, ends this season, with a new deal with F1 rights holder Liberty Media yet to be finalised.
However, on Tuesday, it appeared that Monza’s place on the calendar is safe for a few more years. President of the Automobile Club d’Italia, Angelo Sticchi Damiani, has confirmed that an agreement regarding the financial position of the race has been agreed with Liberty and that a verbal understanding has been reached to keep the Italian Grand Prix at Monza until 2024.
However, the contract is not yet signed with Damiani explaining that final negotiations are taking place to get everything set in stone.
While Monza’s position may be safe, another historic F1 venue said on Wednesday morning that reports of an extension to its contract are not true. Reports had emerged that Silverstone, whose contract is also up this year, had secured an extension of three years. Taking to social media, Silverstone representatives denied that this is the case:
Unfortunately there is unsubstantiated news circulating this morning regarding the agreement of a new deal for the British Grand Prix at Silverstone. At this time we can confirm that we have not agreed a contract however talks are still progressing.
— Silverstone (@SilverstoneUK) April 30, 2019