Melbourne's Formula 1 event contract extended till 2025
Formula -1 (Photo Credits: Getty Images)

Sydney, July 19: Melbourne will host the Formula 1 Grand Prix until at least 2025, officials on Friday revealed, announcing a two-year extension for racing at the city's iconic Albert Park circuit. Following the success of local driver Daniel Ricciardo, the sport has enjoyed a resurgence in popularity in Australia, helping to ease concerns regarding the event's significant price tag. Lewis Hamilton Disappointed With the Clash of Events of British Grand Prix, Wimbledon Finals and Cricket World Cup Final.

Albert Park has held the Grand Prix season-opener since 1996, with the exception of 2006 and 2010, reports Xinhua news agency."The decision to extend the current relationship for a further two years stems from the fact this event has proved to be a resounding success proving immensely popular with fans and those who work in Formula 1,

" Formula 1 chairman and chief executive Chase Carey said. Melbourne will once again kick off the racing season in 2020 with race day confirmed for Sunday, March 15.