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The conversation regarding the Australian Grand Prix has been ongoing for quite a while now. This debate has circled around the government’s investment or subsidization of the race, the local economy’s return on that investment and the value to the Australian population as a whole.
There is nothing inexpensive about Formula One. From the cars, the team operating expenses, the promoter sanctioning fees and even the tickets to the race. A weekend pass for the United States Grand Prix is $300 and when coupled with hotel and travel expenses, the average fan needs to factor that into their yearly budget very carefully given the current economy.
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Tags: Australian GP, Bernie Ecclestone, Formula 1