
According to the Victorian government the future of the Australian Grand Prix will be decided within months. According to Victorian government Premier John Brumby the negotiations are still ongoing with Bernie Ecclestone even though Australian newspapers confirmed the Australian Grand Prix future was secured until the 2015 Formula 1 season.
"I'd hope that we can resolve this in the not too distant future," Brumby told Australian newsagent AAP. "Our aim in relation to these negotiations was to get them concluded before the end of the year. We're making progress. I think that timetable has shifted forward.
"It's no secret we have been having discussions. We haven't concluded those discussions, we'd like to get an agreement going forward ... but it's got to be the right deal for our state, it's got to provide value for money," he said.
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