Monza retains Italian Grand Prix
Formula 1, Updated:
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Italian Grand Prix organisers have announced a new deal has been signed to keep the race at Monza for three more years.
Ahead of this year's Italian GP, fears had been raised over whether Formula 1 would move away from the famous circuit, with officials at Imola claiming they had negotiated a five-year deal in principal with the motorsport's supremo Bernie Ecclestone.
However, when the race rolled around in September, talks between Ecclestone and Monza organisers while the F1 circus was in town resulted in a deal worth 68m euros (£57.2m) being agreed.
Both parties have now signed off on the deal, meaning the historic circuit will continue hosting Formula 1 events, with Monza having staged its first race in 1929.
Italian motorsport federation (ACI) Angelo Sticchi Damiani said: "We have avoided the possibility that, after 70 years, Italy could lose the most prestigious, historic and fascinating automobile races in the world."