21 August 14:48

Malaysia has given up on the idea of organizing a Formula 1 Grand Prix due to high costs and an already crowded calendar.

Gabriel Dumitrache

Sport

Foto: Shutterstock

Malaysia's Sports Minister Hannah Yeoh has announced that the country will not host a Formula 1 Grand Prix in the near future because of the 1.5 billion ringgit financial commitment required for a long-term contract with Liberty Media. Also, maintaining the circuit to international standards would require additional costs of about 10 million ringgit annually. Although Malaysia hosted F1 GPs from 1999 to 2017, the withdrawal from the calendar was due to high expenses. However, Yeoh said if the private sector was willing to bear the cost, Malaysia could reconsider hosting F1 races.

Sources

News.ro

Formula 1: Malaysia exclude organizarea din nou a unui Grand Prix, din motive economice

France24

Malaysia rules out return of F1 over costs

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Malaysia has given up on the idea of organizing a Formula 1 Grand Prix due to high costs and an already crowded calendar.

Sources

Informat Moldova

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