Nov.7 (GMM) Organisers of the Australian grand prix in Melbourne are secretly contemplating moving the race from Albert Park to a famous nearby horse racing venue to save money, according to a media source.
The commercial television station 'Nine' said the plan, following revelations that the cost of the current temporary street venue south of Melbourne is worsening every year, could save the Victorian government up to $20 million annually.
The venue under discussion is Flemington Racecourse, which on Tuesday staged the world-famous horse race the Melbourne Cup.
The local Nine Network said the plan was discussed last week between race promoter Ron Walker, who travelled to London, and F1 chief executive Bernie Ecclestone.
So secret were the plans, Nine claims, that the state government or the Victoria (horse) Racing Club had not considered the proposal.
Melbourne's current grand prix contract runs until 2010.
Written: Thu, 08 Nov 2007 10:24:54
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