Monza's place on the Formula 1 calendar as the host of the Italian Grand Prix looks secure as officials confirmed on Wednesday they have provisionally agreed a deal for a three-year extension to their current contract.
The future of the race had looked uncertain, with financial troubles hurting the circuit and Imola vying to take the race as it sought to return to the calendar.
Bernie Ecclestone even threatened to cancel the Italian GP altogether, but it seems negotiations have now moved passed the hurdles which had previously held a new deal up, though it's not 100 per cent complete, with Ecclestone yet to sign it off.
During a press conference on Wednesday, Angelo Sticchi Damiani, head of Italy's automobile club (ACI), confirmed that €68 million in funding had been agreed for a three-year deal, with €15m of that coming from the local Lombardy Region.
The deal, although shorter than most circuits would agree, isn't a cause for concern according to Sticchi Damiani.
"There are those who expected a longer period, but if the system works then a further renewal won't be a problem," he said.
"We know that Europe has so many organisers in crisis, while some destinations such as Turkey, Korea and India were short-lived.
"We have seen that it is a question of money, but also of culture. Here in Europe there is the 'DNA' of racing. So let's wait and see what happens."
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