Formula One news

Australian Grand Prix suffers €20 million loss

The organisers of this year's Australian Formula 1 Grand Prix ran at a € 20.4 million loss a report tabled in the Victorian parlement shows. The report showed that the revenue from the Grand Prix decreased from € 28.1 million in 2006 to 25.6 million this year.

According to the organisers of the Australian Grand Prix the losses were attributed to dwindling ticket sales and sponsorship revenue Australian newsagent AAP reports.

more news

• 09 Jan.
  • New Renault fails FIA crash test
  • Toro Rosso confirm Buemi
  • Technical reshuffle at Red Bull
  • Klien still optimistic of race seat
  • Kubica named Polish sports personality of the year
  • Richards out of Honda running
  • Donington gains planning permission
• 08 Jan.
  • FOTA agrees cost-cutting plans
  • De la Rosa still aiming for race seat in F1
  • A dozen parties interested in Honda
  • Mosley not done yet with cost cuttings
• 07 Jan.
  • Ecclestone reveals September deadline for Donington
  • Ferrari willing to supply 'Honda' with engines
  • Brawn says Honda won't test before season
• 06 Jan.
  • Ferrari to use electronic pitstop system in 2009
  • Kubica to start karting team
  • Webber's recovery going well
  • Ferrari to reveal new car next week
  • Stewart hits out at Ecclestone and Mosley
• 05 Jan.
  • Red Bull's RB5 to debut in February
  • Suspended sentence and fine for Verstappen
  • Berger confirms Buemi for STR
• 04 Jan.
  • Kubica expecting more accidents
• 03 Jan.
  • Encouraging news for Donington
• 02 Jan.
  • Di Resta still hopeful of F1 drive
  • "Title loss would have damaged Hamilton's reputation"
• 01 Jan.
  • Hakkinen supports medals system
• 31 Dec. '08
  • Kubica: Next year is a big challenge
  • Hakkinen: Vettel will soon be a Formula 1 champion
  • Hamilton receives MBE award
  • Heidfeld expects more accidents in 2009
• 30 Dec. '08
  • Hamilton to join Madame Tussauds
  • Ecclestone: Button should take a sabbatical
  • Manager: Alonso would love to join Ferrari one day
  • Changes at Toro Rosso
• 29 Dec. '08
  • Hamilton to miss victory parade in Woking
  • Alonso to join Ferrari in 2011?
  • Mexican billionaire denies Honda bid
• 28 Dec. '08
  • Mexican buyer for Honda?
• 27 Dec. '08
  • F1 drivers positive on Algarve circuit

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