F1 Grand Prix Will Stay In Melbourne For The Long Term

By Community | July 19, 2019

The Formula 1 Australian Grand Prix will continue to be held in Melbourne until at least the end of 2025 under a new agreement announced yesterday by Formula 1 and the Australian Grand Prix Corporation.

Australia has hosted a round of the FIA Formula 1 World Championship since 1985. It was held in Adelaide up until moving to the Melbourne Grand Prix Circuit in the heart of the Victorian state capital starting in 1996. Since then, apart from 2006 and 2010, the Australian GP has always been the season opener.

Melbourne has consistently proved to be one of the most popular on the calendar. In the last three years alone more than 900,000 fans have attended the Grands Prix at Albert Park, guaranteeing that the Formula 1 season kicks off in an incredible festival-like atmosphere at the heart of the one the world’s most exciting cities.

Next the race will once get the season underway from March 12-15.

Chase Carey, Chairman and CEO, Formula 1, said: “We are pleased to have renewed our partnership with the city of Melbourne, which will now host the Formula 1 Australian Grand Prix until at least 2025. The decision to extend the current relationship for a further two years stems from the fact this event has proved to be a resounding success for the capital of Victoria, for Australia and indeed around the world, proving immensely popular with fans and those who work in Formula 1.”

“Working along with our partner, the Australian Grand Prix Corporation, we plan to make the Australian Grand Prix even more exciting and spectacular, as a sporting event and as a form of entertainment.

“Today’s announcement follows on from last week’s, relating to the British Grand Prix and is proof that more and more promoters are sharing our long-term vision for the future of Formula 1.”

Martin Pakula MP, Victorian Minister for Tourism, Sport and Major Events, said: “This is a fantastic vote of confidence from Formula 1 to continue racing in Melbourne until at least 2025. Victoria hosts major events better than anywhere else in the world and I’m excited that Formula 1 has chosen to exercise its option to extend the contract and enable the Victorian Government and the Australian Grand Prix Corporation (AGPC) to continue to deliver more world-class events for Victoria.”

“The Formula 1 Australian Grand Prix has contributed significantly to Melbourne’s standing as a global sporting and major events capital and the event is a key pillar of Melbourne’s and Australia’s international sporting calendar. Beyond the direct benefits to Melbourne and Victoria arising out of Formula 1’s decision, the contract extension until 2025 also provides benefits and confidence for Victoria’s events industry and the associated supplier base to the AGPC. Additionally, it provides the AGPC with opportunities to further enhance and develop the event for the benefit of all fans and lovers of the sport of Formula 1.”

 

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