News Details
Ecclestone backs Melbourne's secret F1 fee
F1 chief Bernie Ecclestone has joined the local state government in Australia in refusing to divulge the cost of the annual formula one race. The race fee paid by Melbourne organisers to the Ecclestone-led Formula One Management is picked up entirely by taxpayers, but Victorian sports minister John Eren argues the actual amount must remain secret. 'We're not in the business of giving rival cities around the world that want our flagship event a competitive advantage,' he told the local Herald Sun newspaper. The report speculates the fee could be as high as US $38 million, but Ecclestone backed the government in keeping it a secret. 'I don't think there is any need to (inform...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Verstappen: Mmmm! That champagne tastes nice
Record-breaking teenager Max Verstappen handled his triumphant arrival as...
9y ago from GrandPrix247.com
Ecclestone: They're trying to do some plotting
Formula 1 supremo Bernie Ecclestone on Sunday confirmed reports some of...
9y ago from GrandPrix247.com
Wolff rules himself out of Ecclestone's job
Toto Wolff has now joined Niki Lauda in distancing himself from...
9y ago from GrandPrix247.com
Russia to have F1 team eventually believes Petrov
Ex-Formula 1 driver Vitaly Petrov believes plans for a Russian grand...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
1d ago from MotorsportWeek.c...
Aprilia to run “special test” for Jorge Martin...
No description available...
1d ago from Motorsport.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia admits it is impossible to think...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
3d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
2d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool make surprise move to sign Arsenal and...
Liverpool have reportedly entered the race to sign Arsenal and Manchester...
1h ago from SportsKeeda.com
'Arsenal will sign him because he wants to join them'...
Sky Sport journalist Gianluca DiMarzio reckons Arsenal will snap up...
5h ago from SportsKeeda.com
Arsenal agree fee for Brentford captain Norgaard
Arsenal have agreed a fee of £10m plus add-ons to sign Brentford...
5h ago from SkySports.com
Arsenal make decision regarding Thomas Partey's future...
According to a report by Fabrizio Romano, Arsenal have decided to let...
8h ago from SportsKeeda.com
Comments
Hottest News
Sergio Perez confirms long-standing rumour over Max...
Sergio Perez spent four years at Red Bull... Read More »
7h ago from RacingNews365.com
Sainz Snr. decides not to run against Ben Sulayem for FIA...
Mohammed Ben Sulayem's chances of being... Read More »
1h ago from GrandPrix247.com
Photos: Brad Pitt drives McLaren F1 car at COTA
Amid the global release of F1 The Movie,... Read More »
5h ago from GrandPrix247.com
