ROME (AP) — The Italian Grand Prix is set to continue at Monza circuit for another five years.
The current deal expires at the end of the season but on Tuesday the Italian Automobile Club said it reached an agreement in principle with Formula One owner Liberty Media on “the economic details of the contract” to keep the race at the historic circuit until 2024.
The president of the AIC, Angelo Sticchi Damiani, also posted on Twitter , adding: “we will continue negotiations with (at)F1 to quickly reach the signing of the contract.”
Monza, which first hosted an Italian GP in 1922, is one of the most beloved tracks on the circuit.
No circuit has hosted more F1 racing. It was on the inaugural 1950 calendar and dropped off only in 1980 when Imola hosted the Italian GP.
The next Italian GP is on Sept. 8.
During its layoff because of the novel coronavirus (COVID-19) pandemic, MotoGP will become the latest racing series to enter the virtual world.
The MotoGP Virtual Race will be held at 9 a.m. ET Sunday, March 29 with 10 riders. It will be streamed on several platforms, including the Motorsports on NBC YouTube channel. Reigning series champion Marc Marquez is among the riders in the field.
The premier class of MotoGP has yet to hit the track this season as its opener was canceled and the next three races were postponed, including the Grand Prix of the Americas being moved from April 5 to Nov. 15.
Several other racing series have tried online racing in recent weeks.
IMSA held a “SuperSaturday at Sebring” March 21 in place of the postponed Mobil 1 Twelve Hours of Sebring. NASCAR started its Pro Invitational Series last Sunday at Homestead-Miami Speedway and will continue Sunday at Texas Motor Speedway. IndyCar kicked off its six-race IndyCar iRacing Challenge with a Saturday race at Watkins Glen International that was won by Sage Karam.