Tuesday, 31 May 2016

Monza appear to have a deal with Ecclestone

MyF1World

epa04916230 Italian Prime Minister Matteo Renzi (L) meets Formula One boss Bernie Ecclestone at the Formula One circuit in Monza, Italy, 6 September 2015. The 2015 Formula One Grand Prix of Italy will take place on 6 September 2015. EPA/DANIEL DAL ZENNARO

Monza officials may finally have shaken hands with Bernie Ecclestone on a new deal to secure the future of the Italian Grand Prix.

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

“After the drafting of the contracts, the announcement regarding the years 2017-2020 will be made,” the report added.

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.

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.”


Read the full story at GRAND PRIX 247

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