The Autodromo Internazionale Enzo e Dino Ferrari racetrack in Imola will host Formula 1 races at least until the 2025 season, after a new contract was signed with commercial rights holders Liberty Media on Monday.
The San Marino racetrack returned to the Formula 1 racing calendar in the 2020 season, thanks to a covid-19 pandemic and received a very positive reception from spectators, reminiscent of the old days when the track hosted the 1980 Italian Grand Prix race. 1981 to 2006 and the San Marino GP.
Due to its popularity, the temporary solution has become a permanent fixture under the name of the Emilia Romagna Grand Prix, and this year it received a three-year extension, ie up to and including the 2025 season.
The organizers are supposed to pay around 23 million euros for each race, and the contract includes a clause according to which the fee is reduced to 10 million if one of the races has to be performed without spectators due to the coronavirus.
“I am very pleased with the deal with Liberty Medio,” said Angelo Sticchi Damiani, president of Automobile Club Italia. "It's a complicated contract, as we as a public institution have concluded it with a private one, Formula 1. But the most important thing is that we have confirmed the races until 2025."
Stefano Domenicali, Director of Formula 1, is also pleased with the contract extension. “I am pleased that we will continue our excellent cooperation with Imola and the Emilia Romagna Grand Prix until 2025. when they hosted two races during the pandemic. For the Italians, this is a very proud moment, as we will have two home trials on the race calendar, and spectators around the world will continue to watch the races on this fantastic track. ”
Some money for the races will be contributed by the Italian government, and part of the province of Emilia Romagna after which the races will be named.
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