BUZZING
Aug 29

Future Of Australian Grand Prix Discussions Continue

Future For Australian Grand Prix Discussions Continue

Photo: Getty Images

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.

Aug 29

Jean Todt Has Challenger For FIA Presidency

Frenchman Jean Todt currently leads the FIA. (Photo: Getty Images)

Frenchman Jean Todt currently leads the FIA. (Photo: Getty Images)

The FIA Foundation’s director general, David Ward, has resigned his post in order to challenge Jean Todt for the FIA presidency.

In a statement, Ward said: “After much careful thought I have decided to stand as a candidate in the 2013 FIA presidential election. The election period begins in September and it will be necessary for me to approach FIA members to secure nominations. In these circumstances I think that the correct course of action is to resign.