According to the President of Automobile Club d’Italia, Angelo Damiani, the Autodromo nazionale di Monza is about to secure a new Formula One deal.

In recent years, Monza has been under threat because of the lack of subventions and support from Bernie Ecclestone’s FOM. But a recent modification in Italian law allows ACI to fund the event alongside Automobile club of Milan.

In the Gazzetta dello Sport, Damiani comments:

“The Autodromo di Monza has had difficult times, but the worst is over and now we are close to signing with Ecclestone”

If the contract is signed, the future of the Italian Grand Prix would be secured until 2023. Except in 1980, Monza has always hosted the Italian Grand Prix since the first Formula One championship back in 1950.