F1 is working to negotiate new contracts for Monza and Imola – potentially keeping these circuits on the calendar until 2030. However, there are still areas to address until an agreement is reached.
Over the last few years, there have been several evolutions to the F1 schedule. The chaos of organising the logistics for the 2020 season (alongside growing demand) has generated far more venues to host race weekends.
There have been some controversial additions, most notably the introduction of Miami and Las Vegas to the calendar. Generally speaking, there is plenty of disagreement about adding more street circuits.
Traditional venues such as Monza and Imola are no longer guaranteed slots based on history alone. On numerous occasions, F1 CEO Stefano Domenicali has emphasised that tradition cannot dictate future calendars.
Focusing on the two Italian events, negotiations are in advanced stages. According to Sky Italy, the current offer on the table is to extend the contracts of both circuits until 2023.
However, certain conditions must be met. These include increased investment into infrastructure projects to help modernise the circuits and facilities.
Additionally, F1 is reportedly asking for 300 million euros to secure these 2030 contracts.
Speaking on this issue, Domenicali outlined the points of contention:
“There is a need to invest. Unfortunately, on the one hand, we [Italy] are an extraordinary country,” it.motorsport quotes him as saying.
“On the other, when it comes to sports infrastructure, many limitations must be overcome.
“To give our country the possibility of hosting not only two but one Grand Prix in the future – because this becomes fundamental.
“We are in December, and the works that were supposed to start in Monza immediately after the GP have not yet started. They should start hopefully soon.”
It would be a stretch to suggest that either of these venues is under imminent threat. FOM is still willing to work towards an agreement and keep their places on the calendar.
However, there is more competition and, by extension, several alternatives for Formula 1. This will force Monza and Imola’s circuit organisers to meet the set requirements.
Author: Jaden Diaz-Ndisang
