The Italian Grand Prix will run without a hiccup for the next three years. Yes, Italian GP has secured a three year deal to host Formula One race at Monza race track. Race organisers have been in negotiations with F1 Chief, Bernie Ecclestone over the new deal since last two years.
Now a new financial agreement has been made and Monza will host Formula One races until 2019. The agreement was announced in a press conference with Italian Prime Minister Matteo Renzi on Friday.
Italian Grand Prix is one of the oldest races in the calendar. The history of Monza circuit dates back to 1921. Although the contract is yet to be finalised, as a legal dispute involving Imola Circuit, which was in talks with F1 to take over the race.
Ecclestone said that, regretfully they cannot sign the deal yet, but importantly an agreement has been made, thanks to their lawyers for settling small issues in the process. Ferrari's F1 driver Sebastian Vettel was happy with the new deal. He said, they all love this track, it has got lot of history, tradition, racing and of course the iconic Ferrari.