Tom Elliott on why the Grand Prix is fabulous for Melbourne

Tom Elliott has revealed why he thinks the Formula One Grand Prix is a fantastic event for Melbourne despite its cost.

He says with plans to get attendance to over half a million people, Melbourne’s Grand Prix could become the biggest event in the competition.

“It is great advertising …  People come for the best part of a week, they go and do other things, they certainly spend a lot of money,” he says.

Press PLAY to hear his full thoughts on the Grand Prix’s impact on Melbourne