Bernie Ecclestone has hit back at the latest controversy surrounding the cost of Melbourne’s annual grand prix.

After reportedly seeing secret documents, local media this week revealed for the first time that the government pays a more than $30 million race fee to the sport, which increases by 5 per cent every year until the end of the contract in 2015.

















Since 1996, the Albert Park event has been funded by the Victorian taxpayer, but the events minister of the New South Wales government has admitted he is bidding to have the race switched to Sydney.