Monza loses F1

The iconic Formula One track Monza looks to have lost Formula One, as Imola signed a deal to take over the Italian Grand Prix from 2017.

‘The Cathedral of Speed’ has suffered financial issues in recent years, and has struggled to pay the fees to host the event.

Imola have allegedly signed an agreement with Bernie Ecclestone, but the plans can only go ahead if the country’s national sporting authority gives its approval.

Imola last staged a Grand Prix in 2006, billed as the San Marino Grand Prix.

Monza is one of the sport’s iconic tracks, having hosted a Grand Prix every year, except 1980, since Formula One’s inception.

The track was built in 1922, and has long been a favourite of the fans.