According to the Australian Grand Prix chief, Liberty Media’s buyout of Formula One could open the door for a bid from Sydney to take the Grand Prix away from Melbourne.
Australian Grand Prix chief Andrew Westacott told News Corp that with Liberty Media in charge and longtime F1 boss Bernie Ecclestone gone the future of the race at the Albert Park street circuit was back on the table.
“It wouldn’t surprise me,” Westacott told News Corp. “The world of events is very competitive.”
The Victorian state government in September 2015 signed an extension to keep the race in Melbourne until 2023 potentially seeing off interest from Sydney.
Westacott was confident that Melbourne will fulfil the race contract.
“The thing I would emphasise is Melbourne has a global reputation across all events — this is our 22nd event — and we do it very, very well,” he said.
“I would expect the new owners will be here to see how we do it and have a look at one of the very best Formula One events in the world.”
Source: Herald Sun