NSW Premier Mike Baird is expected to announce on Friday that he wants the Formula One Grand Prix to move from Melbourne to Sydney.

If re-elected on March 28, Mr Baird would establish an expert bid team to work to lure the Grand Prix away from Melbourne, News Corp has reported.

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Mr Baird reportedly wants the Harbour Bridge to be part of the Formula One race course.

Australian Grand Prix chairman Ron Walker has described the plan as ill-advised, saying it would take years to realise.

“[The Premier’s] team of advisers have advised him very wrongly,” Mr Walker told ABC on Friday.

“We have a contract with [Formula One Group chief executive Bernie] Ecclestone until 2020 and we have another five-year option…so it’s a long time before Sydney could even think about it.”

If that’s not enough to deflate Mr Baird’s racing hopes, Mr Walker said the five-year contract will probably be extended to 10 years in the next few months.

This year’s Grand Prix will begin at Melbourne’s Albert Park on Friday.