For the eighth consecutive year, Swiss watch manufacturer Rolex will be the Title Sponsor of the Formula 1®Rolex Australian Grand Prix 2020.
The Albert Park Grand Prix Circuit in Melbourne has been the host every year since 1996 and 2020 will mark the 25th anniversary of the event.
The Formula 1® Rolex Australian Grand Prix 2020 event dates are 12-15 March 2020, which are set to be formally ratified by the FIA at a meeting of the World Motor Sport Council later this year.
Like this year’s event, the Formula 1® Rolex Australian Grand Prix 2020 will run on the weekend following the Labour Day long weekend in Victoria, which is also the weekend before the start of the AFL season.
“We are pleased to announce that, as has been the case for many years now, the next FIA Formula One World Championship™ season will get underway in Melbourne,” Chairman and CEO Formula 1, Chase Carey, said.
“The Albert Park circuit is one of the most popular venues on the calendar, much appreciated by everyone who works in Formula 1®.
“There can be no better place to start the 2020 season, which will be significant as the sport will celebrate its 70th anniversary.
“We are also pleased that Rolex, who have been one of our Global Partners for many years, will continue to be the title sponsor of the 2020 Australian Grand Prix.”
Acting Minister for Tourism, Sport and Major Events, Adem Somyurek, said the Formula 1® Australian Grand Prix delivered enormous benefits to Victoria by promoting Melbourne to the world and generating local jobs.
“Melbourne is the sports and major events capital of Australia and proud home of the Grand Prix for 25 years,’’ Mr Somyurek said.
“The four days at Albert Park drew 324,100 people through the gates in March, up 10 per cent on 2018.
“It’s fantastic that we will once again take pole position in 2020.”
Rolex SA, Communication & Image Director, Mr Arnaud Boetsch, said: “The Rolex Australian Grand Prix is always eagerly anticipated, marking the start of another exciting Formula 1® season.
“This is the pinnacle of motorsport, where success is built on cutting-edge technology, skill and teamwork.
“Rolex is dedicated to the pursuit of perfection in everything it does and we are delighted to enter our eighth year as Title Sponsor of this season-opening race in Melbourne.”
Corporate hospitality tickets for the Formula 1® Rolex Australian Grand Prix 2020 will be on sale from Tuesday, 9 July, with Grandstand seats on sale soon.