Despite record attendances and revenue, the government-controlled body tasked with staging the Grand Prix remains heavily reliant on taxpayer funding.
Victorian taxpayers forked out a record-breaking $130 million last financial year to fund the body tasked with staging the Formula 1 Australian Grand Prix.
The cash-strapped Allan government poured a record $130 million into the Australian Grand Prix Corporation for the 2023-24 financial year.It revealed the cash-strapped state government poured a total of $130.1 million into the AGPC last financial year, up from $120.2 million in 2022-23.
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