The future of the Italian Formula 1 Grand Prix remains in doubt after the latest round of negotiations aimed at keeping the event at Monza proved to be inconclusive.
The event’s organisers, the Automobile Club of Italy, had recently claimed that a renewal of the current contract – which expires after this year’s race – was on the cards until at least 2020 or 2023 after it had secured further funding guarantees.
An agreement, however, is still to be reached, with the Automobile Club and Formula 1 supremo Bernie Ecclestone set to meet for another round of negotiations later this month.
It is understood that the negotiations stalled over Ecclestone’s demands that the Automobile Club make certain investments to improve facilities for fans, most notable being the quality of the grandstands and public access areas, as well as improvements to the venue’s parking facilities.
Located on the northeast outskirts of Milan, the Autodromo Nazionale Monza has played host to the Italian Grand Prix in every year but one since the inauguration of the World Championship in 1950. The sole exception was in 1980 when the event was moved to Imola.
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