Australian GP may have a new contract, but it also posted a record loss in 2014 - MotorSportsTalk

About a month ago, the Australian Grand Prix got a new contract extension through 2020.

Problem is, they have a mountain of financial losses to dig out of after this year’s edition.

Last week, Australian government officials confirmed in reports to Reuters and The Guardian a loss of nearly A$60 million this year ($55 million U.S.), a record. Last year, the number was less, at A$50.7 million.

Revenue was down and expenditure up, per the reports.

These losses are not new – for several years, the race has operated with losses in the A$50m ballpark.

A statement from Victoria’s Major Events minister Louise Asher, however, said the race does produce a viable and positive economic impact. In a statement, her office said: “The Formula 1 Australian Grand Prix alone generates between 351 and 411 full-time equivalent jobs and up to $39m in economic benefits as well as up to $35m in media or advertising-equivalent.”

Next year’s Australian Grand Prix will be the 20th held at Melbourne, dating to its first in 1996.

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The NTT IndyCar Series’ 2023 schedule will feature the same number of races and tracks as this season with some minor reshuffling of dates.

IndyCar will open the 2023 season March 5 on the streets of St. Petersburg, Florida, and will conclude Sept. 10 at WeatherTech Raceway Laguna Seca in Monterey, California. The 107th Indy 500 will take place May 28 at Indianapolis Motor Speedway.

The 17-race schedule will conclude with a stretch of eight races in the final nine weeks.

“The NTT IndyCar Series is on an impactful upward trajectory, making progress at a pace that befits our thrilling style of competition,” Penske Entertainment Corp. president and CEO Mark Miles said in a release. “The 2023 season provides an opportunity to further build on this trend, bringing our sport and its stars to more markets and households and reaching new consumers across the globe.”

There will be 15 events on NBC: 13 races (including six of the final seven) plus Indy 500 qualifying May 20-21. There also are three races on USA Network and the Toronto race exclusively on Peacock. All races on NBC and USA also will have live simulstreams on Peacock.

In partnership with NBC Sports, the 2022 IndyCar season was the most-watched in six years and the most-watched across NBC Sports on record. The 2022 season also was the most streamed season on record.

“We’re very excited for our 2023 NTT IndyCar Series schedule and to build on this past season’s viewership milestones,” NBC Sports vice president of programming Mike Perman said in a release. “In providing comprehensive coverage across NBC, Peacock and USA Network, NBC Sports is once again looking forward to telling the stories of these world-class drivers and this compelling series.”

Notable elements on the 2023 schedule:

–There will be the same balance of seven road course races, five street courses and five ovals.

–St. Pete will be the season opener for the 13th time.

–The Chevrolet Detroit Grand Prix will move from Belle Isle to the streets of downtown.

–The NASCAR doubleheader weekend at the IMS road course will shift to mid-August.

–The World Wide Technology Raceway event will move from Saturday to Sunday.

Start times for the 2023 events will be announced at a later date.

Here’s the 2023 IndyCar schedule:

Date	Race/Track	Network/Platform
Sun., March 5	Streets of St. Petersburg	NBC, Peacock
Sun., April 2	Texas Motor Speedway	NBC, Peacock
Sun., April 16	Streets of Long Beach	NBC, Peacock
Sun., April 30	Barber Motorsports Park	NBC, Peacock
Sat., May 13	Indianapolis Motor Speedway (Road Course)	NBC, Peacock
Sun., May 28	The 107^th Indianapolis 500	NBC, Peacock
Sun., June 4	Streets of Detroit	NBC, Peacock
Sun., June 18	Road America	USA Network, Peacock
Sun., July 2	Mid-Ohio Sports Car Course	USA Network, Peacock
Sun., July 16	Streets of Toronto	Peacock
Sat., July 22	Iowa Speedway – Race 1	NBC, Peacock
Sun., July 23	Iowa Speedway – Race 2	NBC, Peacock
Sun., Aug. 6	Streets of Nashville	NBC, Peacock
Sat., Aug. 12	Indianapolis Motor Speedway (Road Course)	USA Network, Peacock
Sun., Aug. 27	World Wide Technology Raceway	NBC, Peacock
Sun., Sept. 3	Portland International Raceway	NBC, Peacock
Sun., Sept. 10	WeatherTech Raceway Laguna Seca	NBC, Peacock

*dates and networks/platforms are subject to change