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Australian GP records another heavy loss
Fresh calls for Melbourne to drop Grand Prix as organisers report another heavy loss. As official documents reveal that this year's Australian Grand Prix cost Victoria taxpayers $61m AUD (£37.6m), there have been fresh calls from local environmentalists to give the race to New South Wales. The annual report reveals that while costs dropped by 6%, revenue also fell leaving local taxpayers to pick up a bill not far short of 2015's record $61.7m AUD (£38.1m). Last September, Victoria Premier Daniel Andrews agreed a new deal which keeps F1 in Melbourne until 2023. In a clear bid to taunt newly elected New South Wales Premier Mike Baird, who had previously revealed his intention to...
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