Formulation One is unlikely to return to Malaysia anytime quickly as the federal government focuses its efforts on rebuilding the economic system from the ravages of the coronavirus pandemic, the circuit’s boss mentioned.
Azhan Shafriman Hanif, chief government of the Sepang Worldwide Circuit which used to host the race, advised reporters in Singapore late Wednesday the federal government could rethink its choices after two to 3 years.
The Sepang monitor, situated exterior the Malaysian capital Kuala Lumpur, first hosted the race in 1999, with the final Grand Prix held there in 2017.
Malaysia dropped out of the F1 calendar from 2018 amid the rising value of internet hosting the occasion.
“At this juncture, the reply isn’t any, not in the interim,” Azhan Shafriman mentioned when requested if Malaysia was planning to host the race once more.
“Maybe in one other two to 3 years when the economic system has stabilised.”
He mentioned Malaysia beforehand hosted F1 “to place the nation on the map” by sports activities tourism.
However for F1 to return, the federal government wants to review the “larger image” by way of its advantages to the nation.
“We have to know what’s the return by way of the spillover impact,” he mentioned.
“We have to have a look at the rebranding, how will we monetise the platform. We have to discuss know-how switch, expertise growth and environmental sustainability.”
He and different circuit officers had been in Singapore this week to advertise the upcoming Petronas Grand Prix bike racing, also called MotoGP, to be held on the Sepang monitor from October 21-23.
Will probably be the primary MotoGP race at Sepang in two years following its suspension as a result of pandemic.
There had been hypothesis about F1’s return to Malaysia to fill the void after Russia was dropped from the race calendar following President Vladimir Putin’s invasion of Ukraine in February.
Malaysia’s neighbour Singapore hosts a Formulation One night time race which is able to happen from September 30 to October 2.
Azhan Shafriman mentioned Singapore “made the correct name” to advertise the occasion not solely as a race but in addition as leisure which incorporates concert events and events.
“If Formulation One had been to come back again to Malaysia, it must be hinged on one thing else, not solely on the race. There have to be one other goal why we’re doing Formulation One,” he mentioned.
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