Australian F1 Grand Prix Future In Limbo Again: Report

The future of the Australian Formula 1 Grand Prix is reportedly in doubt once again, as Victoria’s state government delays the signing of a new deal beyond 2015.

With Victoria’s state election around four months away, News Corp reports that Victorians may go to the polls before a new deal has been signed; if a new deal is signed at all.

It is unclear at this stage whether the current state government in Victoria will commit the additional funds required to stage the event beyond 2015, which is understood to be several million dollars.