Aug 3, 2014, 7:30 AM EDT
The Australian Grand Prix will remain in Melbourne until 2020 after a new five-year contract was announced on Saturday by the state premier of Victoria, Denis Napthine.
The city has hosted the race since 1996 after picking up the contract from Adelaide, but with its current deal set to run out after the 2015 race, there were some doubts about the future of Formula 1 in Australia.
Race promoter Ron Walker was one of the biggest critics of the new sound and formula of the sport after the Australian Grand Prix hosted the first race with the V6 power units and revamped cars. However, he has managed to agree a new deal with F1 supremo Bernie Ecclestone which ensures that the sport will continue to visit Australia for the next six years.
According to AP, the contract also states that the race will remain as the first of each season and will not become a night race.
“I can tell you the new contract is significantly better for Victoria,” Napthine said. “This reaffirms Melbourne and Victoria as the sporting and major events capital of the world.”
Ecclestone was also pleased to sign the new deal, saying: “I congratulate Melbourne for the excellent way in which is presents Formula 1 to the world.”
As the sport continues to explore new markets and new races, it is good to see an established and popular event such as the Australian Grand Prix get a new contract.
The success of home driver Daniel Ricciardo will also have played a part in the new deal. The Red Bull driver has claimed two race wins so far this year, and is quickly establishing himself to be one of the most popular figures in the sport as well as a highly talented driver.
Aug 31, 2015, 5:35 PM EDT
Damien Power hits Sonoma to meet up with brother Will. Hilarity ensues.
Aug 31, 2015, 12:42 PM EDT
Rosberg is now a dad.
Aug 31, 2015, 12:27 PM EDT
Chaves first driver in nearly a decade to win both Indy 500, IndyCar top rookie honors in same season.
Aug 31, 2015, 11:59 AM EDT
IndyCar’s biggest underdog driver, team has their day at Sonoma.
Aug 31, 2015, 9:00 AM EDT
The rest of the stories of note, to cap off the IndyCar season at Sonoma.
Aug 30, 2015, 10:39 PM EDT
It wasn’t the result, but the strength, of Oriol Servia in Justin Wilson’s car this weekend that shown through.
Aug 30, 2015, 10:34 PM EDT
A look at how the championship hopes for the three drivers ended in the GoPro GP of Sonoma.
Aug 30, 2015, 9:49 PM EDT
Dixon pulls off a shocker in Sonoma.
Aug 30, 2015, 9:17 PM EDT
Juan Pablo Montoya blamed the double-points awarded in the season finale for missing out on the IndyCar championship.
Aug 30, 2015, 8:47 PM EDT
Rahal endures disastrous finale at Sonoma, falls from second to fourth after 18th place finish.
Aug 30, 2015, 7:18 PM EDT
Dixon wins race, title in Sonoma in dramatic fashion.
Aug 30, 2015, 6:15 PM EDT
Will Power and Juan Montoya must fight from the back of the field following an accident.
Aug 30, 2015, 5:01 PM EDT
Robin Miller remembers Justin Wilson in this touching tribute.
Aug 30, 2015, 4:00 PM EDT
Webber and the no. 17 Porsche crew claimed their first win at the 6 Hours of Nürburgring on Sunday.
Aug 30, 2015, 3:15 PM EDT
Chevrolet wins its fourth straight INDYCAR Manufacturer’s Championship.
Aug 30, 2015, 3:00 PM EDT
With heavy hearts, IndyCar moves ahead and will crown its champion this afternoon in Sonoma.
Aug 30, 2015, 2:45 PM EDT
Catch up on the Red Bull Global Rallycross season at 3:30 p.m. ET on NBC.
Aug 30, 2015, 2:30 PM EDT
Maldonado keen to make up for his DNF in the Belgian Grand Prix at Monza.
Aug 30, 2015, 2:00 PM EDT
What to watch for ahead of the 16th and final round of the Verizon IndyCar Series season, the GoPro Grand Prix of Sonoma from Sonoma Raceway.
Aug 30, 2015, 1:42 PM EDT
Pole-sitter Will Power claimed the fastest time in the 30-minute session.
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