News Details
Melbourne want to extend grand prix deal
5 February, 2013 2012 Australian GP start
Melbourne wants to retain its Formula One grand prix beyond the remaining three years of the current deal despite large annual losses, Victoria state premier Ted Baillieu said on Tuesday.
Critics of the race, which moved from Adelaide to Albert Park in 1996, say losses of A$50 million ($52.09 million) a year are a waste of public money but Baillieu said it was a major asset for the city.
'There are three more races under the current contracts and we will see out those and commence discussions at an appropriate time,' he told reporters in Melbourne.
'I say again the grand prix has been good for this state, good for this city and is a key part of...
Full Story »
Full Story »
13y ago from YallaF1.com
0
You May Also Be Interested In...
Melbourne wants to extend grand prix deal
Melbourne wants to retain its Formula One grand prix beyond the...
13y ago from SuperSport.com
Ecclestone to pen $200-million sponsorship with...
5 February, 2013 Bernie Ecclestone
F1 supremo Bernie Ecclestone is set...
13y ago from YallaF1.com
Mercedes' F1 spending spirals to £242m
Mercedes' spending on its Formula 1 team has spiralled, according to its...
13y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Inside Marc Marquez’s new approach to racing after...
No description available...
1d ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
2d ago from MotorsportWeek.c...
MotoGP confirms Aragon to remain on calendar for 2027...
MotoGP has announced that Motorland Aragon will host a race in 2027,...
1d ago from MotorsportWeek.c...
Jorge Martin escapes injury but hit with penalty for...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
1d ago from Motorsport.com
Winners and losers from the IndyCar race at World Wide...
No description available...
2d ago from Motorsport.com
Josef Newgarden did not know Christian Rasmussen...
Josef Newgarden won Sunday night’s thriller at World Wide Technology...
2d ago from MotorsportWeek.c...
Official race results: IndyCar 2026 at WWT Raceway
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
22h ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Manchester United poised to beat Arsenal to 'very...
Manchester United are reportedly looking set to beat Arsenal to the...
1h ago from CaughtOffside.com
From France: Arsenal and Liverpool on high alert as...
Arsenal and Liverpool could be given a serious transfer opportunity this...
20m ago from CaughtOffside.com
New: Arsenal star now in 'advanced' talks over 20m...
Arsenal winger Leandro Trossard is in advanced talks over a transfer to...
20m ago from CaughtOffside.com
Latest: Arsenal given shock opportunity to sign World...
Arsenal have reportedly taken concrete steps in their pursuit of AS Roma...
2h ago from CaughtOffside.com
Comments
Hottest News
Gasly reinstated to Monaco podium after successful appeal
Pierre Gasly has been reinstated to third place... Read More »
2h ago from SkySports.com
Sky Sports F1 star Jamie Chadwick makes history at 24 Hours...
Racer and Sky Sports F1 presenter Jamie Chadwick... Read More »
2h ago from GPFans.com
F1 Standings after Monaco Grand Prix result changed AGAIN...
The F1 standings look different once more after... Read More »
1h ago from GPFans.com
