Nov.9 (GMM) A wealthy Australian family has vowed to help save the Australian grand prix by redeveloping Phillip Island.
Andrew Fox, whose father Lindsay is one of the most successful businessmen in the country, has urged the promoter of the beleaguered Albert Park race to phone him.
"The phone is on and the door is always open," Fox, whose father bought the MotoGP circuit and surrounding lands on Phillip Island three years ago, told News Limited newspapers.
He said he would "seriously consider" developing the circuit for formula one.
Phillip Island is just a two hour drive from Melbourne, where rising annual costs have cast doubt on the government's intention to renew the current formula one contract beyond 2010.
Victorian premier John Brumby refused to confirm the report, telling reporters on Friday that his government was not looking to move the race "at the moment".
His comments follow reports earlier this week that said moving the grand prix to Flemington Racecourse could be a way to cut costs.
"We're not sort of actually looking at all of these sites at the moment," Brumby added.
Written: Fri, 09 Nov 2007 14:10:51
[ Print View ][ E-Mail Article ]
- July 04, 2008Melbourne signs new contract
- June 18, 2008Confusion over Melbourne GP
- June 17, 2008Cost the problem for Aussie GP
- June 15, 2008Melbourne looks secure
- March 15, 2008BMW go quickest in Practice 3
- March 13, 2008The Wait is Over
- March 10, 2008Australia offers compromise
- February 09, 2008Australia set for the chop
- February 04, 2008Australia to lose GP?
- December 15, 2007Albert Park night race test
- (November 09, 2007)View all headlines from this date
