The Australian Formula One Grand Prix will stay in Melbourne until 2020, the Victorian state government said on Sunday, after the conclusion of 12 months of negotiations in London. Victorian Premier Denis Napthine hailed the extension of the race from 2016 to 2020, and said he looked forward to Australian Daniel Ricciardo of Red Bull winning the Albert Park race during that time. He said the new contract was agreed to last week after a year of negotiations in London. "This is a terrific announcement that reaffirms Melbourne and Victoria as the major events and sporting capital of the world," Napthine told Fairfax Radio. The GP is funded by the Victorian state government, and has...
Full Story »