Australia wants GP fee reduced

Melbourne officials want to keep the Australian Grand Prix beyond its current deal, but have admitted they are not comfortable with the current financial terms. Tourism Minister Louise Asher said on Wednesday the government had subsidised this year's event by $56 million despite an increase in the number of tickets sold. Melbourne has a contract to host the grand prix until 2015, but has been under presser from F1 boss Bernie Ecclestone to turn it into a night event .

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