MELBOURNE, AUSTRALIA - MARCH 20: Daniel Ricciardo of Australia drives the (3) Red Bull Racing Red Bull-TAG Heuer RB12 TAG Heuer on track during the Australian Formula One Grand Prix at Albert Park on March 20, 2016 in Melbourne, Australia. (Photo by Clive Mason/Getty Images)

We have seen multiple reports over the years on how Sydney would love to lure the Formula One circus away from their rivals in Melbourne, the NSW Premier going on record a few years ago stating that he plan on the state getting as many popular sporting events as possible to boost their tourism dollars.

But, instead of NSW making claims of trying to lure F1 to their shores, it’s Melbourne claiming they are fearful that the change in ownership and ousting of former Australian Grand Prix chairman, Ron Walker’s good friend Bernie Ecclestone, could see New South Wales swoop in and snatch the Grand Prix out from under them.

Speaking in the Herald Sun, Grand Prix Corporation chief Andrew Westacott claims that it wouldn’t surprise him in the slightest if Sydney made a bid for the event when Melbourne’s current contract expires.

However. The Melbourne venue is safe for a while yet with the current contract valid until 2023 and Westacott is confident that when the new owners at Liberty media see how they run the show, it won’t be going anywhere….

"I would expect the new owners will be here to see how we do it and have a look at one of the very best Formula One events in the world," he said.

Most of the Formula One teams and drivers tend to agree with you Andrew!