F1 unlikely to return to Malaysia anytime quickly

SINGAPORE: Method One is unlikely to return to Malaysia anytime quickly as the federal government focuses its efforts on rebuilding the financial system from the ravages of the coronavirus pandemic, the circuit’s boss stated.

Azhan Shafriman Hanif, chief govt of the Sepang Worldwide Circuit which used to host the race, advised reporters in Singapore late Wednesday the federal government might rethink its choices after two to 3 years.

The Sepang observe, situated outdoors 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 meanwhile,“ Azhan Shafriman stated when requested if Malaysia was planning to host the race once more.

“Maybe in one other two to 3 years when the financial system has stabilised.”

He stated Malaysia beforehand hosted F1 “to place the nation on the map” by way of sports activities tourism.

However for F1 to return, the federal government wants to check the “larger image” when it comes to its advantages to the nation.

“We have to know what’s the return when it comes to the spillover impact,“ he stated.

“We have to have a look at the rebranding, how will we monetise the platform. We have to speak about know-how switch, expertise improvement and environmental sustainability.”

He and different circuit officers had been in Singapore this week to advertise the upcoming Petronas Grand Prix motorbike racing, often known as MotoGP, to be held on the Sepang observe 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 Method One night time race which can happen from September 30 to October 2.

Azhan Shafriman stated Singapore “made the best name” to advertise the occasion not solely as a race but additionally as leisure which incorporates concert events and events.

“If Method One had been to come back again to Malaysia, it needs to be hinged on one thing else, not solely on the race. There should be one other goal why we’re doing Method One,“ he stated. – AFP

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