“A solution can be found” - Italian GP boss confident of Monza deal

The current deal at Monza expires in 2019 and has held a Formula 1 race every year since 1950, except one at Imola in 1980, and is amongst other tracks on the F1 calendar yet to agree a deal with Liberty Media.

"A renewal is far away but we are confident that a solution can be found in everyone's interests,” Damiani said, F1Today.net.

Joining Monza as circuits that are in danger of losing a deal to hold a Formula 1 race beyond 2019 are other historical tracks in Silverstone in Great Britain, Hockenheim in Germany, Circuit de Barcelona-Catalunya and Autodromo Hermanos Rodriguez in Mexico.

While these circuits are negotiating potential new deals, Liberty Media has confirmed that the city of Hanoi in Vietnam will host a F1 race as of 2020, as well as Miami in the United States confirmed as a possibility for 2020.