The Monza F1 circuit, a historic gem nestled near the Italian city of Monza, has garnered attention from Formula 1 organizers who are advocating for more competitive pricing. Stefano Domenicali, the CEO of Formula 1, openly acknowledged that in order for Italy’s beloved circuit to continue gracing the F1 calendar beyond 2025, it must reimagine its approach to pricing, ensuring it resonates with fans and enthusiasts.
As the forthcoming weekend approaches, the spotlight shifts to the National Automobile Racetrack of Monza, conveniently located to the north of Milan. A revered name in the F1 community, this high-speed Grand Prix circuit, spanning an impressive 3.6 miles, has held its place on the F1 calendar since 1981. Yet, the circuit’s continued presence on the calendar is now under scrutiny due to concerns raised by Liberty Media, the driving force behind Formula 1, regarding the pricing strategies set by the circuit organizers for the current year.
Amongst the multitude of events that grace this iconic circuit throughout the year, the Italian Grand Prix takes center stage as the pinnacle occasion. The allure of Monza is undeniable, yet its future remains uncertain amidst the backdrop of displeasure over pricing discrepancies. Enter Stefano Domenicali, who has taken the reins in navigating this intricate situation, aiming to establish common ground with the circuit’s organizers. His efforts are focused on presenting a compelling case to the board at Liberty Media, one that not only guarantees the extension of Monza’s contract with Formula 1 beyond 2025 but also paves the way for harmonious collaboration.
“We must give a concrete answer to those who want to have fun and feel good as they find services around the world that are getting better and better in light of a push of competition among promoters to see who does the best work.
“There will also be government figures who have made a commitment and confirmed to me by telephone in recent days that work on the racetrack will begin as soon as this weekend ends.”
In an exclusive update shared with Sky Italia, Domenicali delved into the ongoing negotiations and preparations leading up to the forthcoming Italian Grand Prix. The commitment to reduce pricing is propelled by the impending addition of new circuits to the F1 race calendar in the years to come. With various governments and promoters across the globe expressing eagerness to host Formula 1 events, Monza finds itself at a crossroads. To fortify its foothold in the ever-evolving landscape of motorsports, Monza must recalibrate its offerings to secure its enduring presence on the F1 calendar.