An €88 million deal has been agreed for the Italian Grand Prix to continue at Monza.

After speculation last week regarding a romantic return to the Imola circuit emerged, Chiefs behind the scenes have been working hard to keep the race in Lombardy.

The €88 million deal is believed to be for 4 years from 2017 to 2020, which equates to €22 million per year to stage the race.

The Lombardy region are believed to be contributing €20 million to the race pot, or €5 million a year.

Bernie has once again played a blinder in forcing this through, after signing the intent with the Imola circuit last week.

So at least for now, ‘The cathedral of speed’ remains the home of the Italian Grand Prix.