The Italian Grand Prix takes place in Monza and has been one of the prominent events of the season since 1950. Their race contract is due to expire in 2019, and the promoters are asking for a reduction of $9 million in their race fee.

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The Proposal

The track is to the north of Milan and sees thousands of fans from all over the world visiting each year to enjoy the race. The track is one of the most famous in the world due to its rich history of exhilarating races and some of the most famous accidents the sport has seen.

The president of the Automobile Club d’Italia has stated that he would like to sign another contract with Formula One and hopes the deal will be done. The promoters are seeking a dramatic reduction in their hosting fees. At the beginning of their three-year contract they …