F1 »

Australian GP in doubt - again

Victoria Premier John Brumby casts doubt over the future of the Australian Grand Prix
The future of the Australian GP is back in double after Victoria Premier John Brumby revealed that Melbourne may elect not to extend its current deal.

The deal runs out in 2014 and while the Albert Park circuit remains a firm favourite with fans and drivers alike, the bare facts show that the event has been losing money for some time.

Indeed, each of the last three seasons has seen the event post losses of more than A$40 million – with the 2010 race losing nearly A$50 million.

That had led to speculation about the future of the event and Brumby, who could lose his position as Premier in upcoming elections, admitted that there was no guarantee that the race would go on beyond 2014.

"I know there's a range of views in the community and it is a costly major event, but we've got it until 2014," Brumby told ABC Radio. "We'll look at whether we go beyond that, I'm not making any commitment beyond that."

Should Australia leave the F1 calendar, there would be no shortage of replacements in the wings with the likes of Russia and Bulgaria hoping to join the calendar and F1 bosses keen not to expand beyond the 20 races that will be run next year.

Related Pictures

Click on relevant pic to enlarge
Sebastian Vettel (GER) Red Bull Racing RB 6
Felipe Massa (BRA) Scuderia Ferrari F10
Jenson Button - McLaren-Honda
Haas F1 livery updated Monaco GP
Thomas becomes the unexpected star of the Spanish GP
Haas VF17 displaying a revised livery for the Spanish GP
Romain Grosjean, 2017 Bahrain Grand Prix, Haas F1 Team (credit Haas)
Justin Timberlake, F1 United States GP
Start of the Australian Grand Prix
25.03.2017 - Robert Fernley (GBR) Sahara Force India F1 Team Deputy Team Principal and John Booth (GBR) Scuderia Toro Rosso, Racing Director
Australian Grand Prix FP2 long run graphic [credit: Crash.net]
Australian Grand Prix FP2 long run graphic [credit: Crash.net]
23.03.2017 - GP F1 Australia 2017 trophy
Ayrton Senna - McLaren. 1993 Donington Park
11.11.2016 - Free Practice 1, The helmet of Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid for Brazilian GP.
10.11.2016 - Track detail

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.

Adrian Muldrew - Unregistered

November 18, 2010 2:51 PM

I'm sure Adelaide would be ready to pick up from where Melbourne stole the GP from under its nose. The old venue is still fondly remembered by true F1 fans everywhere. Albert Park is good, but Adelaide was even better - and much less up itself according to (non-Victorian) Aussies. No need to panic if Melbourne falls through - let's just go back to South Australia.

Alan D - Unregistered

November 18, 2010 11:30 PM

Richard R: "Why doesn't the government invest the money into building infrasturcutre at the Phillip Island circuit" Why should it? Unless Australia has miraculously escaped the world recession then I'm sure they don't have an odd 40 million a year to toss around, and even if they did there are plenty of things they could be spending the money on instead of giving it to the world's richest sport. A better question to ask is why F1 is run the way it is. In most walks of life, the promoter pays the venue. For some reason, in F1 the venue pays Bernie to use the circuit.

© 1999 - 2017 Crash Media Group

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