Malaysia

Last Race: 29th Mar Malaysia

Malaysian GP Results
Pos Driver
1 Sebastian Vettel
2 Lewis Hamilton
3 Nico Rosberg
China

Next Race: 12th Apr China

Melbourne extends Aussie GP deal

2014-08-03 08:05:00

 RSS

Share:

Melbourne extends Aussie GP deal

The Albert Park circuit will continue to host the Australian GP until 2020 after the Victorian government signed a new deal.


Next season is the last on Australia's current contract and there had been speculation over whether a new deal would be on the cards due to finances.

However, after agreeing a deal that would reduce the taxpayer subsidy, State Premier Denis Napthine announced on Sunday that Melbourne would continue to host the Australian GP through to 2020.

"This is a terrific announcement that reaffirms Melbourne and Victoria as the sporting and events capital of the world," he told 3AW radio station.

"We've secured another five-year deal for the grand prix and we've secured a great deal for the people of Victoria that's a better deal than the existing deal."

He added: "The new deal is on the same terms as the existing contract in that it will be the first race of the season, it will be in March each year."

Napthine also revealed that Melbourne almost lost the grand prix to a rival Australian city.

"There is enormous competition to have Grands Prix as major events around the world," he said.

"I can tell you there was a small city just up the road in another state that was very keen to get the Grand Prix."

Meanwhile, F1 supremo Bernie Ecclestone has welcomed the new deal.

"I congratulate Melbourne for the excellent way in which it presents Formula One to the world," he said.

F1's Spaniards sticking together

Editor's Picks

Only Tifosi Understand...

Only Tifosi Understand...

It's not easy being a fan of the oldest and most successful F1 team but here's a guide to help those who don't understand you...

This Week In F1 History

This Week In F1 History

Nigel Mansell, Sebastian Vettel, Jenson Button, Nelson Piquet and Juan Pablo Montoya all made history...

Sunday's Story From Sepang

Sunday's Story From Sepang

Sebastian Vettel beat the Mercedes drivers to the chequered flag at the Malaysian Grand Prix...

German GP Is Bernie's Failure

German GP Is Bernie's Failure

Andrew Davies asks, has Bernie's failure to secure a German GP deal brought the sport into disrepute?

PF1 Fantasy Racing

PF1 Fantasy Racing

Are you a Ross Brawn or a Paul Stoddart? Can you manage money like Bernie or Caterham? Let's find out...