The Adelaide 500 supercars race will return later this year at Victoria Park with new SA Premier Peter Malinauskas setting aside $15 million to stage the event.
The event was cancelled in 2020, but Malinauskas made the race’s comeback an election promise.
“The Adelaide 500 is coming back and it’s coming back in a new and refreshed way in December this year,” said Malinauskas.
“The Adelaide 500 is more than just a race – it’s actually a festival of motor sport.
“We have big ambitions to ensure that this festival is at the epicentre of motor sport globally once a year in December.”
Adelaide Oval CEO Andrew Daniels will oversee the event as chair of the South Australian Motor Sport Board after stepping down from his current role in May.
“South Australia has an international reputation for staging great events, and great motor sport events in particular, going back all the way to 1985,” Daniels said.
“We have a huge job in front of us, but the benefits for this state are absolutely enormous.”
The organisers are currently searching for a well known international act to perform at the race.