The future of the historic Grand Prix at fabled Monza is back grabbing headlines and has now taken a blow this week, according to reports in the Italian press.
Formula 1 supremo Bernie Ecclestone warned earlier this year that the existing Italian Grand Prix contract, running only until 2016, is a commercial “disaster”.
And now, more bad news for Monza has emerged from the government, Italian newspapers including La Stampa reveal.
It is about the so-called ‘legge di stabilita’, or stability law, in which a decision of the senate has made the collapse of the Italian Grand Prix beyond 2016 reportedly more likely.
Reports said an amendment of the law allowing a tax exemption to the tune of about €20 million has been ruled out.
Politician Fabrizio Sala is quoted as saying: “The stability law penalises Monza and its Autodrome, putting at risk the future of the Formula 1 Grand Prix”.
But former Formula 1 driver Ivan Capelli, who this year became a director of the automobile club of Milan, vowed to fight for the Italian Grand Prix, “Our commitment to find the resources needed is clear.”
http://www.grandprix247.com/2014/12/...n-f1-calendar/
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