In a situation that will be watched keenly by other race promoters, it has been revealed that the Australian Grand Prix Corporation has agreed a deal with F1 that will see the fee for this year's 'race' waived. However, the corporation will have to meet the cost of refunding disappointed ticket holders. 'The Australian Grand Prix Corporation and Formula 1 have reached an acceptable arrangement,' Sports Minister, Martin Pakula told a parliamentary committee. 'The Australian Grand Prix Corporation was not required to pay the race promotion fee to Formula 1 for the Formula 1 Australian Grand Prix 2020. 'As the race did not proceed, the overwhelming impost has been the refund of tickets,' he...
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