Current Status
In 2006 and 2007, Phillip Island hosted the grand finale of the V8 Supercars Championship Series, as well as a regular MotoGP and Superbike round. From 2008 to 2011, Phillip Island hosted the L&H 500, replacing Sandown as the host track of V8 Supercar's 500 km race, before returning to Sandown in 2012.
A multi-million dollar re-development was undertaken in late 2006 by the Linfox Group, which now owns the track. The new facilities will also feature a karting circuit.
In the lead up to the 2012 Australian Motorcycle Grand Prix, the circuit's third turn was officially named Stoner Corner, in honour of Australian MotoGP rider Casey Stoner, who had won the Grand Prix for five consecutive years from 2007 to 2011, and would retire following the 2012 MotoGP season. The choice of the third turn was made by Stoner himself, describing it as his favourite corner. He went on to win the 2012 event.
Read more about this topic: Phillip Island Grand Prix Circuit
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