Good news for those of us in the antipodes, with the dispute that seemingly threatened to derail the Australian Grand Prix having now been resolved.
The organising body for the Melbourne event, the Australian Grand Prix Corporation (AGPC) was locked in a battle with Australia’s motorsport sanctioning body, the Confederation of Australian Motor Sport (CAMS) over a fee issue, which prompted AGPC boss Ron Walker to dash to Abu Dhabi last month in a bid to avoid CAMS threatening to cancel the event entirely.
The nub of the issue was that state government recommending to the AGPC that it put the event’s organisation up for tender, after CAMS demanded an $800,000 fee in exchange for its ongoing involvement in running it.
But recent reports suggest that the matter has now been resolved.
“CAMS is delighted to have reached this agreement [with the AGPC],” CAMS CEO David Morgan wrote to the body’s affiliates.
The Australian Grand Prix has held championship billing since 1985, and ran on the Adelaide street circuit between 1985-95 before it moved to Melbourne in 1996.
There are also rumours that the newly-elected state government will not look to extend the Grand Prix contract with Formula One Management beyond the current contract expiry in 2014.
[Original image via LAT]