F1 » Ecclestone responds to Melbourne criticism

Bernie Ecclestone reacts to criticism in the Australian media on costs involved in hosting of the Melbourne Grand Prix

Sort Comments: Oldest | Newest

Caroline - Unregistered

January 24, 2013 11:44 AM

There are plenty of countries that want a GP, Mexico and South Africa to name but 2.

If Victoria aren't happy with making a direct profit of between $32 million and $39 million, (figures from the state of Victoria themselves), then they should let the race go somewhere else.


January 24, 2013 11:45 AM

While I respect Ecclestone as a businessman, to be honest the authorities do have a right to voice concern about the cost of hosting the race because its essentially taxpayer money being spent.

To further add a day will come when taxpayers say enough is enough when it come to funding sporting events especially with the world technically still in a recession. If anything, this very much highlight why I don't like the idea of publically funded sporting events as there are tons of private/corporate dollars out there willing to pick up the tab. Look at NASCAR and Indycar for example when you have IZOD and Sprint technically bankrolling the championships. If anything this is the direction F1(and MotoGP) need to go.


January 24, 2013 12:15 PM
Last Edited 1040 days ago

this is a little off topic, but i see that valencia "circuit" has been stripped by thieves and is in a shocking state. so thankfully we will not see there as an alternative.


January 24, 2013 12:23 PM

Bernie,“Have you spoken to whoever pays to see if the figure is correct?”

The problem here is the public pays the fees, but cannot be told what it costs them. A classic Bernie oxymoron.


January 24, 2013 12:36 PM

Richard there's no need for a alternative.

This happens every year.

Its nothing but a Political Agenda.

The Vic Govt recognise they need the tourism dollars
but there is always someone who prefers to stir the pot.

They are presently hosting the Australian Open Tennis at the Rod Laver Arena which is in the Albert Park area but thats a a different story.

P.S. Googs - Been reading the headlines. Hectic couple of days and it just keeps comming

oldbiker - Unregistered

January 24, 2013 12:41 PM

GP contracts are multi-year agreements and often signed when economic times were good. However, we have now seen the most catastrophic downturn in most major economies and its not surprising, especially when taxpayers money is involved, that circuits want to re-negotiate.

The problem is that when circuits are dealing with Bernie, they sign knowing that they have to increase revenue year on year to match the increasing fees he demands.

This assumes a constantly expanding market, something which has never happened. Recessions occur and are cyclical, which is why Silverstone is desperately seeking commercial backers to help them out of the hole they dug, signing the contract when they thought they would lose the British GP.


January 24, 2013 12:58 PM

commodore. i would not like to see oz losing their gp, but bernie works to a different agenda to what is considered the norm. by the way, what happened to the alternative , that we discussed last year?


January 24, 2013 1:05 PM
Last Edited 1040 days ago

Thats the stupid part Richard. Linfox were prepared to accept all liability and the Vic Govt said NO.

Linfox in turn have now put there money towards enhancing Phillip Island and transposing Avalon into a International Airport

Page 1 of 3
1 2 3  »

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 - 2015 Crash Media Group | Built by Accelerate Agency

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