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
Always see our news on Google
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
Latest News
14:30
Neymar sent off after a huge scandal in Santos - Bahia 1-1
14:15
Pavel Popescu accuses Ilie Bolojan of blocking Romania’s candidacy for the ITU Council, following the dispute over protocol expenses
13:59
Oana Gheorghiu accuses the PSD of double standards regarding the deficit and claims that the Social Democrats compare different indicators to criticize the Bolojan government
13:43
The U.S. Embassy salutes the Romanian Armed Forces and announces military cooperation to defend NATO’s eastern flank
13:23
A British pensioner sold his Pokémon collection, forgotten in an attic for 15 years, for £1.56 million
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
