Although the panic button has not been pressed yet, the future of Formula 1 at Monza depends largely on the approval of local government funding and whether the ACI can raise the €100-million required to refurbish the legendary venue.
Like Monaco, Silverstone and Spa-Francorchamps, Monza is one of the most iconic races on the calendar, one of the Majors if there were such a thing in F1. Known as the Temple of Speed, it is also the home of Ferrari – the sport’s most famous team.
Autosprint reported last March, that Bill 1150 was filed in the Senate seeking allocation of a contribution from the Government to the ACI of €10-million per year from 2020 to 2025, to support the costs of organisation and management of the Grand Prix. However, this still needs to be ratified.
Speaking to reporters at Expomove in Florence, ACI president Angelo Sticchi Damiani gave an update on the situation as contract time with F1 looms, “We have said on several occasions that Monza circuit needs important works and that today the estimate is around €100 million, with €6