Melbourne and F1 confirms Australian GP extension to 2025

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The Australian Grand Prix will remain in Melbourne until 2025 after announcing a new two-year extension to their current deal.

 Albert Park replaced Adelaide and become Formula 1's traditional season opener since 1996, only giving up that slot twice in the 23 years since.

The rise of Perth's Daniel Ricciardo has seen the sport enjoy a boost in interest in recent years too, helping what was a struggling race not too long ago become a must-have on the calendar.

“We are pleased to have renewed our partnership with the city of Melbourne, which will now host the Formula 1 Australian Grand Prix until at least 2025,” said F1 CEO, Chase Carey.

“The decision to extend the current relationship for a further two years stems from the fact this event has proven to be a resounding success for the capital of Victoria, for Australia and indeed around the world, proving immensely popular with fans and those who work in Formula 1.

“Working along with our partner, the Australian Grand Prix Corporation, we plan to make the Australian Grand Prix even more exciting and spectacular, as a sporting event and as a form of entertainment."

This news comes after Silverstone confirmed a new five-year deal to host the British Grand Prix last week, and Carey sees the desire of promoters to renew as a sign of confidence in F1's "long-term vision".

“This is a fantastic vote of confidence from Formula 1 to continue racing in Melbourne until at least 2025," Martin Pakula MP, Victorian Minister for Tourism, Sport and Major Events commented.

"Victoria hosts major events better than anywhere else in the world and I’m excited that Formula 1 has chosen to exercise its option to extend the contract and enable the Victorian Government and the Australian Grand Prix Corporation (AGPC) to continue to deliver more world-class events for Victoria.

"The Formula 1 Australian Grand Prix has contributed significantly to Melbourne’s standing as a global sporting and major events capital and the event is a key pillar of Melbourne’s and Australia’s international sporting calendar."