News Details

Ecclestone: Melbourne shouldn't complain

Formula 1 supremo Bernie Ecclestone says Melbourne should be less opposed to the fees it pays to host a Grand Prix. The 82-year-old’s comments follow reports that 30 million Australian dollars of taxpayers’ money in the state of Victoria is put aside for the privilege each year, a cost which has angered many residents. Melbourne’s five-year contract extension, signed in 2011, is said to be worth around 170 million dollars. Louise Asher, Minister of Tourism for Victoria, believes this is too high to subsidise, but Ecclestone insists the decision to stage a race remains with the state and is signed 'of their own free will'. "It's up to them, isn't it?" Ecclestone told...
Full Story »
13y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Ecclestone hits back at Melbourne F1 cost complaints

24 January, 2013 F1 chief executive Bernie Ecclestone has hit back at...
13y ago from YallaF1.com

Ecclestone responds to Melbourne criticism

Bernie Ecclestone has responded to criticism levelled at him in the press...
13y ago from Crash.net

Money reason for Glock exit admit Marussia

21 January, 2013 Marussia on Monday admitted the need for money is...
13y ago from YallaF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar to limit entries to those holding a charter

The NTT IndyCar Series has confirmed that future races will be limited to...

Pato O'Ward issues damning verdict on ‘Mario...

Pato O'Ward isn't chasing F1 any more after falling out of love with...

Popular On TotalWRC.com

Sebastien Ogier dominates Rally Islas Canarias

Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...

Oliver Solberg crashes out of Rally Islas Canarias

Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...

Popular On GunnersToday.com

Arsenal keeping tabs on Real Madrid attacker as they...

Arsenal are reportedly monitoring Real Madrid forward Endrick as they look...
1h ago from SportsKeeda.com

Arsenal handed big UCL boost as key Atletico Madrid...

Arsenal have been handed a big boost ahead of their UEFA Champions League...
2h ago from SportsKeeda.com

‘He's struggling in the games' – Neville...

Mikel Arteta might be breathing a massive sigh of relief today, but the...
6h ago from CaughtOffside.com

Declan Rice sets target for Arsenal after win over...

Arsenal midfielder Declan Rice has called for his teammates to work hard...
6h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.