Monza still 'far away' from new Formula 1 deal - ACI President

Italian Grand Prix organisers say a contract renewal beyond 2019 is “far away”, but remain adamant that an agreement with Liberty Media can be reached.

Monza has hosted Formula 1’s Italian Grand Prix since the inauguration of the championship in 1950, and has been absent only once, in 1980.

Its current contract expires at the end of 2019 but circuit officials have previously stressed their desire to renew, with celebrations planned in 2022 to mark Monza’s centenary.

Speaking to Italian publication Corriere Della Sera this week, Automobile Club d’Italia President Angelo Sticchi Damiani explained: “Renewal is far away but we are confident that a solution can be found in the interests of all.

“As Monza is keen to host Formula 1, so for Formula 1 it is important to have Monza

“We want to continue, but only in an economically sustainable framework.

“We cannot put ACI's budgets at risk. Without [Lombardy Government] help we would never have it [the current deal] done alone.”

Monza is one of five circuits on the 2019 calendar without a contract beyond the end of the year.

Spain (Barcelona), Britain (Silverstone), Germany (Hockenheim) and Mexico (Hermanos Rodriguez) are the other events without a 2020 deal.

Formula One Promoters’ Association earlier this week expressed its concerns over the future of the sport, as they seek to secure more profitable deals for their respective events.