You don't need to be a hardcore Formula One or Ferrari fan to know about the Monza Circuit. Still, for those who are unfamiliar, Autodromo Naziionale Monza is one of the most famous F1 racing track located in Italy. In a latest news, the track is in serious financial trouble, as a much needed request fro the bailout from the regional government has been rejected by the national Senate.
The track is located just north of Milan and has a rich history of almost 90 years attached to it. Opened in 1922, the track has hosted the Italian Grand Prix every year since 1949 and has hosted numerous other racing series. But as much as the track is famous for being the fastest track on the F1 calendar, it is also infamous for tragically claiming lives of many famous drivers and riders over the years. Some of the most notable among them were Alberto Ascari, Count Wolfgang von Trips, Jochen Rindt and Ronnie Peterson.
Currently, the circuit is jointly owned by the municipal governments of the nearby cities of Monza and Milan. But both the local governments were unable to keep afloat the circuit and hence, the government of Lombardy, where the cities and the circuit is situated, planned to invest 20 million euros to revitalize the circuit. But the national government, run by the Italian Senate, rejected the plans of the Lombardy government.
The Monza track is in contract with Bernie Ecclestone till 2016, beyond which they have to prove their worthiness of running the circuit and hosting the race. Absence of funds will lead to the possible exit of the Monza track from the F1 calendar in 2017 itself. While this may sound odd to many, as Italian GP is one of the famous GPs of the world, some of the past removals, like the famous French GP proves that game won't be affected much.
If not Monza, then What? Italy has plenty of circuits to choose from, Imola being the most famous. Other possible tracks could be the Mugello, Misano (hosts MotoGP races) and Vallelunga circuits. A possible race on the streets of Rome could also replace the Moza, if the need arises.