Monza targets new F1 contract before Australian GP
Monza circuit officials are aiming to finalise a fresh Formula One contract before the 2016 season opener in Melbourne, following progress on race funding negotiations.
Monza circuit organisers are pushing to secure a new Formula One contract before the 2016 season begins, with talks focused on extending the Italian Grand Prix’s future at the historic track. The current agreement is set to expire after 2016, and circuit officials are seeking to conclude negotiations with Formula One Management ahead of the Australian Grand Prix in March.
The circuit’s prospects improved after recent changes to Italian law allowed the Automobile Club d’Italia (ACI) to provide financial support for the race. Previously, legislation had prevented the ACI from allocating public funds to the event, raising concerns that Monza could lose its place on the calendar.
Negotiations focus on race fees and contract details
Despite the legal breakthrough, negotiations between the ACI and Formula One Management, led by Bernie Ecclestone, have yet to produce a final agreement. The size of the annual race fee remains a sticking point, though ACI president Angelo Sticchi Damiani has expressed optimism that a deal can be reached before the championship’s opening round in Melbourne.
Damiani has stated publicly that while financial terms are central to the talks, other contractual details also need to be resolved. The ACI is keen to secure the long-term future of the Italian Grand Prix at Monza, which has hosted the race since the world championship began in 1950, with only one exception.
Implications for the Italian Grand Prix
If Monza and Formula One Management fail to reach terms, the Italian Grand Prix could face uncertainty beyond 2016. Organisers are under pressure to preserve the event’s continuity, given its status as one of the oldest and most prestigious races in the sport. The circuit’s management is working to finalise the deal in time for the new season, aiming to avoid the risk of Italy losing its only Formula One round.
For further background on Monza’s efforts to remain on the calendar, see Monza pushes to retain Italian Grand Prix after 2016 amid contract doubts.
