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Melbourne set for contract extension talks

Australian Grand Prix organiser Ron Walker is set to open dialogue with Bernie Ecclestone over the future of the event once their current deal expires in 2015. Victoria tourism minister Louise Asher has given Walker the go ahead to begin "preliminary discussions" before a new deal is either agreed or rejected, with Asher insisting it must be "good value for money". "I have asked the chairman of the Grand Prix Corporation, Mr Walker, to commence preliminary discussions with Mr Ecclestone over our future contract," she told Sportal.com.au. "There's no rush on this, obviously, because there's still two events to go and the government will not be signing up...
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