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 »
9y ago from GrandPrix247.com 0
Share

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

Why MotoGP hails 2025 season as a...

MotoGP promoter Dorna Sports has described the conclusion of the 2025...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Romet Jürgenson to compete in opening three WRC2...

The rising Estonian talent is joined by co-driver Siim Oja and start...

Gregoire Munster confirmed for WRC Monte Carlo in...

The season opener marks a return to the event where Munster claimed his...

Popular On GunnersToday.com

'That's true, yes': Transfer expert confirms Arsenal...

Arsenal are reportedly interested in signing the Borussia Dortmund...
48m ago from CaughtOffside.com

Contact made: Berta leading talks as Arsenal prepare...

Arsenal are looking to improve the midfield unit with the signing of...
1h ago from CaughtOffside.com

Everton 0-1 Arsenal: Gyokeres penalty sends Gunners...

Match report – Player ratings – Arteta reaction – Video...
2h ago from Arseblog.com

Sources: Arsenal, Chelsea and Man United eye move for...

Atalanta’s latest gift to the football world, Marco Palestra, has...
4h ago from CaughtOffside.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.