MELBOURNE: The 2014 Australian Grand Prix posted a record A$59.97 million ($55 million) loss amid soaring costs and declining revenue, government officials said on Wednesday.
MotoGP World Championship
Marc Marquez continued his dominance of the MotoGP World Championship with victory at the Italian Grand Prix on Sunday, his sixth successive win. After prevailing in an almighty battle with Jorge Lorenzo on the final lap the Spaniard moves up to a perfect 150 points in the standings, 53 ahead of Valentino Rossi who in his 300th Grand Prix moved into second place in the championship. Rossi fought back from 10th on the starting grid to finish third, and now leads Dani Pedrosa by a point. "This win was really hard work, it was…