The Automobile Club d'Italia claims to have reached a commercial agreement with Formula One to keep the Italian Grand Prix at Monza until 2024.
Monza's current contract due to expire after this year's running of the Italian Grand Prix, making the circuit one of five races up for renewal at the end of 2019. However, the ACI issued a statement on Tuesday saying the commercial side of a new deal had been agreed, allowing progress to continue on a contract to keep the race on the calendar for another five years.
"ACI and Formula One have reached a general agreement regarding the economic aspects of the collaboration contract for the Italian Grand Prix at Monza for the next five-year period 2020-2024," the statement read.