Liberty Media has proposed to Italy to confirm the Monza and Imola Grands Prix on the Formula 1 calendar until 2030, but only in exchange for €300 million.
Imola and Monza on the Formula 1 calendar until 2030, but only for €300 million. This is the proposal from Liberty Media to the organizers of the Italian GPs.
The tracks on the Italian peninsula are well-regarded and have a rich history, but significant work will be needed to secure a double confirmation, along with the financial compensation. It’s necessary to raise the bar to keep pace with the current Formula 1, which aims to modernize and evolve even further. Stefano Domenicali, CEO of the Formula One Group, also emphasized this, stating, “Internal bureaucracies cannot stop certain projects.”
The reference, not so subtly, is to the Monza circuit, which has been supposed to undergo significant renovations for years but has not yet started. The resurfacing of the asphalt, the underpasses, and the cover of the pit building were supposed to be carried out shortly after the event last September but have been postponed to early 2024.
There are also contracts between ACI and the entities managing the track that expire before 2030. Another fundamental issue to be addressed as soon as possible if the Italian Grand Prix at Monza is to be confirmed until that date.
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As for Imola, another intervention has been requested in terms of the fan experience, in a Formula 1 increasingly focused on spectacle and audience engagement.
In short, Stefano Domenicali has been clear: the future is here, but it is also, above all, in the hands of a country and two racetracks full of pages of history that must now necessarily look forward.