Melbourne's 50 year F1 extension

Melbourne will host the Australian Grand Prix for the next 50 years – if F1 supremo Bernie Ecclestone has his way.

Melbourne, Formula 1, bernie ecclestone, 50 year, contract, extension, Mark Webber, Ron Walker, Albert Park, 2013, new, pictures, video, unveiled, released, review, test drive, driven, interior, badge, engine, wheels, speed, price
Gallery5

Melbourne will host the Australian Grand Prix for the next 50 years – if F1 supremo Bernie Ecclestone has his way.

Ecclestone will reportedly offer Melbourne an unprecedented 50 year extension to host the race when he travels to Australia next month.

It’s an extraordinary pledge from Ecclestone, with the proposed contract 10 times longer than that normally offered, and one that marks a surprising backflip from the British billionaire.

Ecclestone has previously been critical of the Melbourne GP, reportedly upset at the race’s refusal to become a night event to ensure prime time TV ratings in Europe.

Melbourne’s current contract to host the race expires in 2015.

It will be the first time in eight years Ecclestone has travelled to Australia, with the details of the long-term deal expected to be discussed with Australian Grand Prix chairman Ron Walker.

Should it go ahead, the proposed 50 year contract could cop heavy criticism. Each year the exorbitant costs of Melbourne’s GP makes headlines throughout the country, with last year’s race reportedly costing tax payers $56.7 million.

Melbourne has hosted the Australian Grand Prix since 1996. 

 

How are you finding our new site design? Tell us in the comments below or send us your thoughts at feedback@whichcar.com.au.

 

Subscribe to Wheels magazine

Subscribe to Wheels Magazine and save up to 44%
Get your monthly fix of news, reviews and stories on the greatest cars and minds in the automotive world.

Subscribe

 

We recommend

NEWS

2022 Genesis GV60 spied testing
News

Genesis GV60 EV spied inside and out

With its new G80 Electric limo already out in the open, Genesis's next electric vehicle is this: the GV60 small SUV

a day ago
Mike Stevens
Please enable JavaScript to view the comments powered by Disqus.