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2016-05-31 13:40

A NEW DEAL: Reports suggest that Bernie Ecclestone and Monza officials agreed a new deal for the Monza GP from 2017-2020.

Italy - Monza officials may finally have shaken hands with Bernie Ecclestone on a new deal to secure the future of the Italian grand prix.

Negotiations have been public, fraught and protracted, but Italian automobile club chief Angelo Sticchi Damiani agreed to terms last weekend in Monaco, according to Sky Italia.

Going beyond 2016

The report added: "After the drafting of the contracts, the announcement regarding the years 2017-2020 will be made."

Sky said the latest meeting in Monaco, also attended by Ecclestone's long-time friend and business partner Flavio Briatore, resulted in a deal regarding the until-now disputed financial value of the new contract beyond 2016.

READ: Save Monza GP - Officials meet Bernie

The report continued: "Ecclestone has always said that his handshake is worth more than a written contract. Now the formal part will follow and, if everything goes well, Monza will announce the renewal shortly."

A photo posted by EB (@hysteria) on

Read more on:    bernie eccelstone  |  monza  |  f1  |  motorsport

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