Formula 1 will hold the Italian Grand Prix at Monza through at least 2024 after a long-awaited contract renewal was finally confirmed.
It was revealed earlier this year that the Automobile Club d’Italia had received an agreement in principle to remain on the roster beyond the end of 2019.
Italy was one of five races that entered the year with an expiring contract and its place on the recently revealed 2020 calendar remained subject to a formal agreement.
On Wednesday, ahead of this year’s round at Monza, a new five-year deal was announced.
The news was made public during an event in central Milan to celebrate the 90th anniversary of Ferrari.
FIA President Jean Todt, Formula 1 boss Chase Carey and ACI President Angelo Sticchi Damiani were on hand to announce the development.
A World Championship round has taken place at Monza each year since the inauguration of Formula 1 in 1950, aside from 1980, when the venue was closed for renovation, and was instead held at Imola.
"We are really pleased to have reached an agreement with the ACI which ensures the Italian Grand Prix will remain on the FIA Formula 1 World Championship calendar until at least 2024," said Carey.
"This is one of four Grands Prix that were part of the 1950 championship and still features in the calendar and along with the British Grand Prix, it is the only one to have been held every year since then.
"History, speed and passion are words that motorsport fans associate with Monza. The feeling one gets at this Grand Prix is truly unique, as is the circuit’s distinctive podium.
"I would like to thank the ACI, especially its President, Angelo Sticchi Damiani for its efforts and this five-year deal means that another part of the jigsaw for the Formula 1 of the future, is now in place.
"The championship features many historic venues such as Monza and also new countries in which the already vast fan-base of our sport can grow."
