F1 » Cost row plunges Australian GP future into doubt


As a row erupts over whether or not the Australian Grand Prix in Melbourne still represents value for money to the Victoria taxpayer, the future of one of the most popular events on the F1 calendar hangs in the balance...

Sort Comments: Oldest | Newest

sebothescot - Unregistered

January 25, 2011 2:13 PM

I havent known a f1 season without a grand prix in melbourne as i started seriously watching the gp in 96 so i wud be extremely sad to see it go. Hope they can work something out or is this thier way of putting pressure on bernie?

RawDawg

January 25, 2011 2:24 PM

This highlights the problem with the economic model for hosting a modern GP.

Most GP's are ran at a lost by the hosting government of that country. The governments hopes that they make it up in back end money from tourist, taxes from hotels, and the like along with adding some glamour to their country. But how long can this go own?

Take independent track ownders like Tony George at Indy who has a track and business to run, could never host a current GP with current hosting fees and all money from track signage and TV going to Bernie. GPs now have to be hosted by governments who will soon grow tired of this money losing relationship. Even the new track in Austin, TX that is suppose to host a GP will be propped up by state funds. How many years will those funds be available?

Rob01 - Unregistered

January 25, 2011 2:32 PM

Tony G was thrown out of the family business because of the way he conducted business with F1. That coupled with trying to own a racing series. He lost the family more than a 100 million.

CommodoreS

January 25, 2011 3:37 PM

Rob this is all political infighting.

As I told Richard sometime ago A family down here who presently own Phillip Island have placed $200M AUD on the table for a permanent facility to be put in place at Avalon near Melbourne.

They are the Linfox family and are keen to move forward. In order to do so they wish State/Federal Govt funding/partnership to shore up the remaining funds to build the circuit. This whinging at the moment is all part of the political stream.

Our pinnacle category V8 Supercars Australia has recently been re-categorised by the FIA and is now known as the International V8 Supercars which allows 6 fly away events which will be modelled as support events for F1 in the Asia /Pacific region such as Singapore/Korea/AbuDhabi etc together with South Africa when and if it eventuates. (Cont)

CommodoreS

January 25, 2011 4:00 PM

(Cont)

Now to cut it short a 25% stakeholder in our series
is looking at selling and the rumour is Bernie is
interested in some form. Can you see where I am comming from.

The Linfox family are dealing and placing pressure on the right points and with the sale of our series to Bernie it serves the purpose of retaining the G.P. together with expanding our series beside F1.

V8 Supercars together with F1 and other categories including present off shore series would be enticed to the circuit.
Rob that is only a short version however gives a insight to what is happening. You may have to read in between the lines as there is insufficient space to give the full story but be assured the Linfox Family will win. They have clout.

richard

January 25, 2011 6:18 PM

commodore. the linfox family seem to be a good option. if they can build a non-tilke track on undulating land, it would be more attractive to the fans, than the sanitised melbourne circuit. but i guess that you would prefer the sydney area??

Dangerous Dave - Unregistered

January 25, 2011 7:20 PM

This argument has been going on for a number of years amongst the local residents in Melbourne. My brother who lives locally mentioned it 3 years ago when he was over in the UK. He's an ex-racer but as with many of the other residents around Melbourne cannot justify the argument for the GP, when the locals are footing the bill and Eccy Fiddlestone's running off with all the loot. Maybe there's middle ground somewhere, or maybe its just run it's course!

Page 1 of 2
1 2  »

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.

© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.