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Formula 1 will continue to hold the Australian Grand Prix in Melbourne until at least the end of 2025, the F1 body has confirmed.
The agreement between Formula 1 and the Australian Grand Prix Corporation was signed yesterday in London.
The Australian Grand Prix has been held in Melbourne since 1996. Since then, apart from 2006 and 2010, the Australian Grand Prix has always been the World Championship season opener. Prior to being held in Melbourne, it was held in Adelaide until 1995.
The race in Melbourne has consistently proved to be one of the most popular on the calendar. In the last three years alone more than 900,000 fans have attended the Grands Prix at Albert Park.
Next year, the race will once get the season underway, from 12 to 15 March, where the sport will celebrate its 70th anniversary.
Chase Carey, Chairman and Chief Executive, Formula 1, said: “The decision to extend the current relationship stems from the fact this event has proved to be a resounding success for the capital of Victoria, for Australia and indeed around the world, proving immensely popular with fans and those who work in Formula 1.”
He added: “Working along with our partner, the Australian Grand Prix Corporation, we plan to make the Australian Grand Prix even more exciting and spectacular, as a sporting event and as a form of entertainment. Today’s announcement follows on from last week’s, relating to the British Grand Prix and is proof that more and more promoters are sharing our long- term vision for the future of Formula 1. We cannot wait to be back in Melbourne, from 12 to 15 March next year to celebrate the 25th anniversary of this race being held there and continuing a relationship which will also allow us to celebrate at least 30 years in the city in 2025.”
