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New Monza Formula 1 deal still a 'far away'

2019-01-31 14:18
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Image: GIUSEPPE CACACE / AFP

Italian GP boss Angelo Sticchi Damiani says a new Formula 1 race deal for the historic Monza circuit is still "far away".

Monza is among the 16 circuits that is threatening to quit the sport over a dispute with Liberty Media.

'A renewal is far away'

It is particularly relevant for the Italian GP host, as its existing Liberty deal is expiring.

READ: Monza, Silverstone still in doubt after 2019

"A renewal is far away but we are confident that a solution can be found in everyone's interests," Sticchi Damiani, boss of the automobile club Aci, told Corriere della Sera.

"As Monza is keen to host F1, so too is it important for F1 to have Monza," he added.

Sticchi Damiani admitted that the main problem is the amount of money being demanded by Liberty.

"For the 2019 edition we will pay $24 million - a very high price," he said.

"We want to continue, but only in an economically sustainable framework. We cannot put the Aci's budgets at risk."

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