The famous Temple of Speed, more commonly known as the Autodromo di Monza home of the Italian Grand Prix looks set for a new seven year contract to remain on the Formula One calendar.

The circuit which has hosted the Italian Grand Prix for all but one year since Formula One’s inception is not only the fastest on the calendar and a favourite amoungst F1 fans old and young but it is also the spiritual home of the Prancing Horse. Formula One commercial rights holder Bernie Ecclestone suggested last year that the 2016 race could be the last one to be hosted at Monza due to the organisers experiencing financial problems however it looks as though the situation has been resolved.

While many circuits on the F1 calendar have seen their funding by local authorities cut in Barcelona and Austin for example a recent amendment to Italy’s Stability Law will allow the Automobile Club of Italy (ACI) to help fund the race, easing the financial burden placed on the organisers in Monza.

Speaking about the situation, Head of the ACI, Angelo Sticchi Damiani revealed to Gazetta Dello Sport by saying:

The Autodromo di Monza has had difficult times, but the worst is over and now we are close to signing with Ecclestone to have Formula One in Brianza for another seven years, We’re going to win a battle that led to the ACI making tremendous sacrifices.

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