Monza signs new F1 contract

The Italian Grand Prix will remain at Monza until 2016, it has been confirmed. With Formula 1 commercial rights holder Bernie Ecclestone having already said that capital city Rome will host a race in coming years, the legendary parkland track on the outskirts of Milan will remain as home to the country's national Grand Prix.

With the F1 World Championship having begun in 1950, Italy is one of the few nations to have hosted a Grand Prix in every season, with Monza having been the home on all occasions apart from when Imola staged the event in 1980.

The previous Monza contract was set to expire in 2012 although Ecclestone – head of Formula One Management (FOM) – has now extended the agreement by an extra four years.