Race fans in Melbourne are in mourning as Formula One chief Bernie Ecclestone announced no more races will be held in the city after the contract expires in 2010. The news comes after the government refused to allow a night race, something which Mr. Ecclestone considered non-negotiable.
A government spokesman went on record to say "I'm sure Melbourne will survive without a Grand Prix," and that the city "…would be better without it." Last year the race lost an estimated 35 million dollars, and is expected to loose another 40 million this year. Recent reports have suggested that Ecclestone intends to meet with government officials in St. Petersburg about holding a race in Russia, essentially replacing the Melbourne event.
Melbourne Grand Prix axed
www.f1-fansite.com / Melbourne Grand Prix
Melbourne looses F1 racing after contract expires in 2010.
By Michael Gauthier
February 9, 2008 8:12 PM
Filed Under: F1, Motorsport
Comments
iancheng456
February 9, 2008 11:20 PM
Credits to Bernie as a cunning businessman and the ultimate circus ringmaster. However, Formula One has lost its grip as the premier racing series because of the various technical regulations. Formula One is about working on the limit of the extreme, especially the engineering side of it. Nowadays its more like mobile advertising hoardings traveling around at 300+km/h.
smeagol
February 9, 2008 11:24 PM
All i can say is kudos to mr. Ecclestone.. i know it's a great lost but F1 as always been about new and exciting places and circuits, and i can think of no better venue than russia... Long live F1!!
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