Formula One: Australia may lose F1 race after 2010, report
AFP, February, 2008
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SYDNEY (AFP) — Formula One chief Bernie Ecclestone says Melbourne's contract to keep the financially-embattled Australian Grand Prix has little chance of being renewed beyond 2010, reports said Sunday.
Ecclestone said there were better prospects of chasing more money, sponsorship and television audiences if the event was held in India, Russia or South Korea.
The Australian GP has been held on the streets of Melbourne and Adelaide for the last 23 years, but financial pressure and a desire to stage the race at night for European television audiences has clouded its future in Australia.
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"Maybe we don't want to be in Australia," Ecclestone told Sydney newspaper The Sunday Telegraph. "Our costs are very high in Australia and we get a lot less money. It's bloody bad for us.
Ecclestone said car manufacturers and sponsors also supported a move. He said Melbourne's only chance to keep the ...
