This article in the Herald Sun reports that there could be no Australian Grand Prix after 2015. The state of Victoria will have to subsidise the event to the tune of Aus$ 50 million in 2011, rising to $70 million by 2015. The circuit also needs Aus$ 8-9 million spent upgrading it and, if Bernie had his way, would be installing lights to make it a night race.
This could be megaphone negotitation by the politicians in Victoria but it's still pretty serious. The loss of Australia would leave Brazil as the only race in the southern hemisphere, so not much of a "World" Championship. Should Australia go I would imagine this will almost certainly lead to more races on bland, featureless circuits in the Middle East - Woo Hoo! NOT!
http://www.heraldsun.com.au/ipad/time-t ... 5992919181
This could be megaphone negotitation by the politicians in Victoria but it's still pretty serious. The loss of Australia would leave Brazil as the only race in the southern hemisphere, so not much of a "World" Championship. Should Australia go I would imagine this will almost certainly lead to more races on bland, featureless circuits in the Middle East - Woo Hoo! NOT!
http://www.heraldsun.com.au/ipad/time-t ... 5992919181