The present deal runs for 3 extra years till 2025, and the 10-year extension is the most recent in a sequence of bulletins as established venues rush to safe long-term contracts within the face of stiff competitors for a spot on the game’s calendar.
A 3rd US race in Las Vegas has already been confirmed for November 2023, whereas F1 CEO Stefano Domenicali visited Johannesburg between Baku and Montreal to conduct additional talks with the South African authorities a few race at Kyalami, doubtlessly with an April 2023 date.
Melbourne is known to have confronted home competitors, together with a bid from Sydney. The truth that the extension was signed with three years remaining on the present contract provides some indication of how eager the Victorian metropolis was to safe its long-term future.
It has additionally made it clear that as a part of the association the Albert Park venue, which was used for the primary time in 1996, shall be up to date.
F1 famous: “Over the previous two years the promoter has made important funding to improve the circuit and can proceed to enhance the general fan expertise and services, together with the paddock and pitlane, on the circuit over the approaching years.
“This can improve the fan expertise but in addition modernise the services for the groups that shall be important for the sleek operating of the occasion over the following decade.”
Unexpectedly it has been confirmed that from 2023 the FIA F2 and F3 championships will each turn into a part of Melbourne’s weekend schedule.
Traditionally journey prices have stored the standard F1 assist sequence away from Australia, and the promoter has had no drawback filling the timetable with common native classes. It stays to be seen how a lot observe time will nonetheless be accessible for them.
Max Verstappen, Crimson Bull Racing RB18
Picture by: Andy Hone / Motorsport Photos
“The race has all the time been a favorite for the followers, drivers and the groups,” stated Domenicali. “And Melbourne is an unbelievable and vibrant worldwide metropolis that may be a good match for our sport.
“This yr we noticed large crowds and passionate followers on the Grand Prix, and we’re very excited by the long run in Australia as our sport continues to develop.”
“It is a sensational announcement that’s merely nice for Melbourne and Victoria,” stated occasion CEO Andrew Westacott.
“It builds on our wealthy motor sport historical past in addition to Melbourne’s love of huge sporting occasions and gives aspiration to the following era of Aussie racing stars.
“We’re happy with our sturdy relationship with F1 and collectively we are going to develop the game in Australia and the broader Asia-Pacific area. Everybody on the Australian GP Company seems ahead to taking the F1 Australian GP to new ranges over the course of the following 13 years.”
Martin Pakula, Victoria’s Minister for Tourism, Sport & Main Occasions, careworn the contribution made to the native financial system by the race.
“The Australian Grand Prix has by no means been larger, with greater than 419,000 folks flocking to Albert Park for this yr’s race,” he stated.
“We all know how essential this occasion is to our financial system and that’s why we’ve delivered the longest extension for the race because it has been held in Melbourne.”