Find out more about our subscriptions

Australian GP set to extend deal

The future of the Australian Grand Prix appears to have been secured, with a report that the event will remain at the Albert Park circuit until 2015.

According to today's Herald Sun newspaper, the Victorian state government has recently come to a verbal agreement to extend the race's contract for a further five years, securing the future of the event for Melbourne and Australia.

A senior government source confirmed to the newspaper the race would remain in Melbourne, saying an announcement was 'imminent': "We haven't signed the deal, but we're going to quite soon."

The deal would end recent speculation over the future of the event, which has come under pressure following mounting losses in recent years, as well as a desire to cater for European viewing audiences, which included speculation about the possibility of the race being held at night.

The source confirmed that the Victorian Premier and Bernie Ecclestone had come to an agreement which would not see the event held at night.

However, the race's start time may be moved to later in the day as a compromise between the two parties, with next year's race expected to start at 5pm.

  More news  
Read the AUTOSPORT Digital Edition
Visit the shop
See highlights from 60 years of AUTOSPORT
Paddock insight from group F1 editor Jonathan Noble
Grand Prix news updates from F1 editor Edd Straw
Breaking news feed
Live commentary feed
Australian GP secures new deal
Sydney to evaluate F1 chance
Melbourne confident over future deal
Drivers give backing to Australian GP
Sydney offers to hold Australian night GP
Late start won't save GP, says Ecclestone
Stoddart: later start won't save Oz GP
Australian GP could start later in 2009
Government urged to secure Oz GP future
Australia rules out night race
Q & A with Drew Ward, AGPC CEO
Ecclestone again questions Australia future
Australia won't hold night race
Walker confident Australian GP will stay
Ecclestone questions Australian GP future
FIA confirms night GP schedule
Singapore announces night race schedule
Singapore ready for F1's first night race
Night race and 2008 calendar confirmed
Slight revisions made to 2008 calendar
France stays, Australia to open '08 season
Bahrain denies '08 calendar slot is set
Bahrain to open the 2008 season