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Formula 1 Will Race at Monza for the Next Three Years

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An agreement signed today keeps the Italian Grand Prix safe for the foreseeable future.

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After two years of negotiations, Formula 1 head Bernie Eccleston announced today that an agreement had finally been reached to keep the Italian Grand Prix at Monza for the next three years. This news comes only days before the running of the 2016 Italian Grand Prix this weekend.

As Motorsport reports, Ecclestone told reporters “the contract will be for three years but I hope we are here for 100 years.”

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 Built in 1922, Monza held the second-ever Italian Grand Prix that same year. And since F1’s inaugural season in 1950, the F1 Italian Grand Prix has been held at Monza every year except for 1980.

When asked why the deal was only for three years, though, Ecclestone said “we have to do an arrangement that suits everyone. The world changes so quick, so who knows what is going to happen.”

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