Saturday , 15 December 2018
Home / Sports / SEPANG INTERNATIONAL CIRCUIT IS NO LONGER POSSIBLE TO HOST F1 MALAYSIA AFTER THE CONTRACT EXPIRES IN 2018
sic

SEPANG INTERNATIONAL CIRCUIT IS NO LONGER POSSIBLE TO HOST F1 MALAYSIA AFTER THE CONTRACT EXPIRES IN 2018

KUALA LUMPUR – Malaysia will host the Formula One (F1) in 2019 after organizing contract expires in 2018. Culture and Tourism Minister, Datuk Seri Mohamed Nazri Abdul Aziz said the decision was taken due to the government’s need to spend up to RM300 million for organizing the returns received disproportionate.

nazri-aziz

He said that in recent years the number of F1 fans declining attendance and the matter is not only experienced in Malaysia but also all over the world.

Clearly, the government has just renewed the contract of hosting F1 for two years from 2016 to 2018 at a cost of RM1 billion and thereafter no longer the organization of motor sport in this country.

“Expensive is, our money flow out of the country a lot of very, very expensive.

f1-sepang-2016

“Every year we have a loss of RM300 million, in terms of organization we spend about RM300 million besides, money Grand Prix victory was no better calling Chinese tourists come,” he said when met at the Parliament lobby here today.

Mohamed Nazri added, what is more pathetic no country joined the F1 racer and he thought it was the right decision to stop it.

Source : Internet

 

Check Also

First Dose of Street Style From Seoul Fashion Week SS17

If there’s one word that can describe Seoul’s fashion scene, it would have to be …

Pudong flexes muscles with new sports facilities

ON the site of the former Africa Joint Pavilion during the World Expo Shanghai 2010, …

Leave a Reply

WooCommerce Themes Free
X