The Italian Grand Prix is set to remain at Monza until 2019 after confirmation of an impending new contract on Friday afternoon.
Bernie Ecclestone and race organisers held a press conference at the Autodromo Nazionale di Monza on Friday where it was confirmed the race will remain on the calendar for the next three years. Monza's future had been uncertain while negotiations with Ecclestone were ongoing, with this year's race having been the last on its current deal.
Imola had been touted as a possible alternative location for the race, but Automobile Club d'Italia (ACI) president Angelo Sticchi Damiani confirmed to F1i earlier this year that government legislation only allowed additional funding if the race was held at Monza.
Ecclestone says the contracts have yet to be formally signed but says a three-year deal is agreed.
"We're getting all the small details that are important in a contract together and we'll sign this," Ecclestone said. "So there's no problem with having a race here at all. It will be here. The contract is only going to be for three years but hopefully we're here for another hundred years."
The Italian Grand Prix has been an ever-present on the F1 calendar and has been held at Monza for every year except 1980, when it was held at Imola.
Silbermann says ... Mad about Max, Monza and Massa
Claire Williams on Felipe Massa and 2017 driver plans
Romain Grosjean column: Speed, sponsors and scheduling
2016 Italian Grand Prix preview
Keep up to date with all the F1 news via Facebook and Twitter
Lewis Hamilton expressed his appreciation for Kevin Magnussen's candidness in admitting that his highly defensive…
Fernando Alonso was in no doubt as to who should have got the blame for…
Kevin Magnussen's aggressive defending against Lewis Hamilton in Saturday’s Miami Grand Prix sprint race resulted…
Max Verstappen didn't have the best of starts to Saturday's Sprint race in Miami, but…
Full results from the Sprint race for the Miami Grand Prix at Miami International Autodrome,…
McLaren Racing boss Zak Brown admitted to not being surprised by Adrian Newey’s decision to…