Could F1 lose the Italian GP?
Could F1 lose the Italian GP?
Monza is not the only Formula 1 venue that is worried about the cost of hosting an annual grand prix, according to Italian GP boss Angelo Sticchi Damiani, who says that Monza chiefs are preparing for a future without F1 if an agreement cannot be reached with Liberty Media.
The Italian Automobile Club (ACI) president this week confirmed that Monza is among the 16 F1 circuits protesting the race fees charged by Liberty Media.
"The cost you pay to Liberty Media each year is on average very high," he is quoted by Corriere dello Sport.
"It is really difficult to imagine, in our case as the grand prix of Monza, that in 2018 it had a cost of $24 million, which is a huge amount," Sticchi Damiani added.
He said the last contract agreed was a "sacrifice" because Monza "wanted to find a solution" to remain on the calendar.
"But today it is not possible to have that reasoning, and the problem concerns not only us but all of the grands prix.
"Liberty Media's demands are too close to what went before and unfortunately on the rise, but that is not possible," Stocchi Damiani insisted.
"The ACI will do its part, as we are perfectly aware of the importance of the role it plays. But we must have a chance of economic sustainability," he added.
"We have to convince Liberty Media that Monza has an irreplaceable value to the world championship and we want that to be recognised."
Sticchi Damiani hinted strongly that Monza is prepared to walk away from its most famous event.
"This is a negotiation made in a moment of greater serenity than when we signed the agreement with Bernie Ecclestone," he said.
MORE: Ecclestone wades into F1 promoters - Liberty Media dispute
MORE: Monza chiefs give update on F1 future
Change your timezone:
Latest News
Newey Red Bull EXIT date revealed as F1 star confirmed at new team - GPFans F1 Recap
- 2 hours ago
Verstappen takes F1 swipe at Hamilton and rivals with ruthless remark
- 3 hours ago
Marko defends Ricciardo in 'unbelievable' idiot claim
- Yesterday 21:57
Hamilton hints at sensational Newey arrival at Ferrari
- Yesterday 20:57
Suspended Red Bull employee 'grilled' as Horner saga given potential END DATE
- Yesterday 19:57
BLOW for former F1 champion as Mercedes preferences revealed
- Yesterday 18:58
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860