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

Maverick Vinales fastest in second Mugello MotoGP...

Maverick Vinales impressed as he recorded the fastest time in the second...

Former WorldSBK champion explains changes Toprak...

Former MotoGP rider Ben Spies expects Toprak Razgatlioglu must...

Popular On IndyCarToday.com

Nolan Siegel apologizes for profanity-filled radio rant

Arrow McLaren driver Nolan Siegel has apologized for what he said over...

IndyCar breaks 1 million US TV viewers for third...

The NTT IndyCar Series is nearly through the first year with its new...

Popular On TotalWRC.com

Popular On GunnersToday.com

'It will definitely be a busy one' - Jurrien Timber...

Arsenal star Jurrien Timber shared his predictions for the club's summer...
51m ago from SportsKeeda.com

Arsenal's plan for the summer transfer window after...

A report from TBR Football has revealed that Arsenal intend to target at...
2h ago from SportsKeeda.com

‘It can be a really lonely journey’: Myles...

cia Lewis has handled her son’s stellar rise by becoming an agent and...
2h ago from TheGuardian.com

'He’s been a scapegoat sometimes' - Pundit asks...

Former Scotland defender Colin Hendry has advised Arsenal to move for Jack...
4h ago from SportsKeeda.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.