Formula 1 has announced that the Australian Grand Prix at Melbourne’s Albert Park will stay on the calendar until, at least, 2025.
The Australian Grand Prix at the picturesque venue of Albert Park in Melbourne has played host to almost every single season opening race of a season since its introduction in 1996. While Bahrain’s Sakhir was briefly given the chance to kick off the show in the mid-00’s, the popularity of Melbourne meant that it soon returned to its traditional slot in 2007 where its remained ever since.
A deal has been signed in London last week to keep the Australian Grand Prix at Albert Park until, at least, 2025. This means that, by the end of the contract, Melbourne will have been raced at for thirty consecutive years, making it one of the most historic races in F1 history – an impressive feat for what is a temporarily constructed race track every season.
“We are pleased to have renewed our partnership with the city of Melbourne, which will now host the
Formula 1 Australian Grand Prix until at least 2025.” said Formula 1 CEO Chase Carey.
“The decision to extend the current relationship for a further two years 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.
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.”
With Formula 1 having also just announced an extension to Silverstone’s contract for the British Grand Prix, Carey says this signing is evidence that existing promoters are onboard with Liberty’s vision for the sport’s direction: “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.”
Martin Pakula is an MP and is Victorian Minister for Tourism, Sport and Major Events. He says the entire region will be celebrating the continuation of the race in Melbourne: “This is a fantastic vote of confidence from Formula 1 to continue racing in Melbourne until at least 2025.”
“Victoria hosts major events better than anywhere else in the world and I’m excited that Formula 1 has
chosen to exercise its option to extend the contract and enable the Victorian Government and the
Australian Grand Prix Corporation (AGPC) to continue to deliver more world-class events for Victoria.”
“The Formula 1 Australian Grand Prix has contributed significantly to Melbourne’s standing as a global
sporting and major events capital and the event is a key pillar of Melbourne’s and Australia’s international
“Beyond the direct benefits to Melbourne and Victoria arising out of Formula 1’s decision, the contract extension until 2025 also provides benefits and confidence for Victoria’s events industry and the associated supplier base to the AGPC. Additionally, it provides the AGPC with opportunities to further enhance and develop the event for the benefit of all fans and lovers of the sport of Formula 1.”