2008 Australian GP records another loss

A recent report filed at the state parliament has shown that the Australian Grand Prix is continuing to lose money and the amount the event loses each year is increasing.

In 2005, the event lost $13 million. In 2006, the figure had risen to $22 million. 2007 saw the event lose $34 million. This year s Melbourne race has shown that $40 million was lost, mainly thanks to a $5 million increase in expenditure and decreasing amounts of sponsorship.