F1 » Melbourne seeks reduced F1 fee


Melbourne keen to keep the Australian GP beyond current deal but only on reduced terms after figures reveals $56 million of subsidies for the 2012 race


Last Comment

GregL - Unregistered

September 28, 2012 3:49 AM

The Australians need to learn from the Singaporean GP organisers:
1.) Singapore GP pressed hard to renegotiate the franchise fee after 1 term and succeeded. As a matter of fact, they only finalise the extension on the qualifying day of the final year of the contract.

2.) Organisers paid consultants to do a research on economic benefit and costs - not limited to the event itself, but to the surrounding area. In case of Singapore GP, they take into account items such as additional tourism spending during SG F1 weekend, costs from traffic jams, lost businesses on surrounding areas, etc.

My 2 cents.

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