Headline News

Melbourne in tough negotiations over F1 future

03/02/2014
1,206 Views

There is still no news about the future of Melbourne’s Australian grand prix beyond the 2015 race.

Australian-GP-MelbourneThat is the admission of race chairman Ron Walker, who said the state-sponsored organisers are still in negotiations about a new contract with the sport. “I’m as confident … as I can be,” he is quoted by the local Age newspaper. It is believed the Victorian government is pushing Bernie Ecclestone to reduce Melbourne’s annual fee, as he has done with some other races, but Walker said the disputed issues are in fact “nothing serious”.

But Victorian premier Danis Napthine said his government is actually playing “a very tough game” in the talks with Ecclestone. “It’s a work in progress,” Walker insisted. “It’s just taken longer than we thought. I hope the impasse will be resolved soon. Hopefully, it will be concluded before this year’s race.” F1 race contracts are typically of a long duration, such as seven years or more, but Walker said Melbourne’s new deal could be for just “two years”. He said that would “suit the government, because they are not committing themselves to a long term”.

Info: GMM, Image: DriveSafely.Allianz.com

Leave A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.