Mr Bernie Ecclestone, Chief Executive Officer of Formula One Management, has said he is “happy” with Melbourne's long-standing relationship with Formula One, with the Albert Park Grand Prix Circuit set to host its 21st world championship Australian Grand Prix next week from March 17-20.
In an exclusive interview, Mr Ecclestone told the 'Keeping Track' podcast that the relationship with Melbourne has worked well.
"We've sort of become friends (with Melbourne). It's been one of those nice friendly relationships.
“It's worked well, and everybody's been happy. I've trusted the people completely and they've sort of trusted me, it's the best way to run a business."
Mr Ecclestone also endorsed Australian Daniel Ricciardo as an ideal international ambassador for the sport, saying the Red Bull Racing driver "has been super".
"We need 10 more Ricciardos," Mr Ecclestone added.
Mr Ecclestone also spoke about the expansion of the Formula One calendar to a record 21 races this season, Ferrari's quest to challenge Mercedes in 2016, and who he feels is Lewis Hamilton's biggest challenger as the British driver chases a third consecutive world title.