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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.



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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.



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