Posted on 29. Jun, 2010 in Victoria

Melbourne has signed a five-year deal to keep the V8 Supercars at the Australian Grand Prix ensuring Albert Park remains the home of one of Melbourne’s premier major sporting events.     

The agreement between the Australian Grand Prix Corporation and V8 Supercars Australia will also see a new endurance format called Albert Park 500 with tyre changes and fuel stops and increased prizemoney.

Tourism and Major Events Minister Tim Holding said Albert Park 500 at the Australian Grand Prix would be a major attraction for motorsport fans and tourists from around Australia.

“The Australian Grand Prix just got even better with V8 Supercar action guaranteed at Albert Park for the next five years,” Mr Holding said.

“Melbourne is the major events capital of the world and having the V8’s racing at the Grand Prix for the next five years is certainly another great outcome for Victoria.”

“The popularity of V8 Supercars with Australian motorsport fans combined with the international prestige of Formula One is a formidable combination and one that will attract big crowds.”  

In 2010, more than 305,000 people attended the four-day event which saw Jenson Button win the Formula One race and James Courtney (Friday) and Garth Tander (Saturday and Sunday) take out the three V8 Supercar races.

Mr Holding said hosting the Grand Prix in Melbourne provides significant economic and tourism benefits for the whole of Victoria.  

“Each year our hotels are booked out with tourists from across Australia and the world and our restaurants and cafés are overflowing,” he said.

“With the V8’s here to stay we expect to see huge numbers of fans from Victoria, interstate and overseas at Albert Park for four-days of fantastic entertainment on and off the track every year.”

Recent Victorian major events announcements include:

  • Melbourne has signed the Formula One Grand Prix until 2015;
  • The Australian Motorcycle Grand Prix will remain at Phillip Island until at least 2016;
  • The World Superbike Championships was re-signed this year keeping the event at Phillip Island until 2014; and
  • Tiger Woods will return to defend his title at the Australian Masters in November.

“Our year round calendar of sporting and cultural events draws hundreds of thousands of visitors to our wonderful city every year,” Mr Holding said.

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