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Melbourne extends F1 contract

A new deal to extend the Australian GP beyond 2015 has been negotiated and only needs to be signed by the Victorian state government, organisers said Friday. Melbourne's contract to host the Albert Park street circuit race expires after next year's event and Australian Grand Prix Corporation chairman Ron Walker said he had hammered out a new deal. "I think that the foreplay is over so to speak and it's now a case of talking to the government about whether it is worth it or not," Walker told local radio. "There is a deal on the table and it's up to the (Victorian state) cabinet sub-committee to recommend to cabinet whatever they want to recommend. "We can only do our...
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