APRIL 7, 2017
Petronas staying despite Malaysia GP exit
The Malaysian grand prix in October will be the last held at the Sepang circuit near Kuala Lumpur, a constant F1 host since 1999.
Reports suggested race organisers and F1's new commercial owner Liberty Media agreed jointly that Malaysia be allowed to end its contract one year early for cost reasons and dwindling interest.
"The cabinet has agreed to end the contract starting 2018 after considering lowering returns to the country compared to the cost of hosting the (race)," prime minister Najib Razak confirmed in a statement.
It is also reported that in nearby Singapore, organisers and F1 are "locked in negotiations" about a renewal of the deal for the popular F1 street race, the local Today publication claims.
But referring to the news from Malaysia, F1 commercial boss Sean Bratches said: "It's always sad to say goodbye to a member of the formula one family."
The Malaysian news agency Bernama said PM Razak confirmed that Malaysian sponsor Petronas will continue to sponsor Mercedes despite the demise of the local race.
"I also wish to express my appreciation to FOM for its understanding and agreement that 2017 will be the last F1 race at Sepang," he added.
|Print News Story|
FRIDAY PRESS CONFERENCE
MARCHIONNE RETIREMENT PLAN ON TRACK
HAMILTON WORRIED ABOUT PIRELLI WETS IN CHINA
FRIDAY TEAM QUOTES
F1 OPEN TO RULE CHANGES SAYS WOLFF
GROSJEAN AGREES THAT PAY DRIVERS SHOULD GO
RICCIARDO WANTS RENAULT UPDATE SOONER
ECCLESTONE BUYING INTERLAGOS GOOD SAYS MASSA
VANDOORNE UNSURE OF HONDA FIX TIMING
PETRONAS STAYING DESPITE MALAYSIA GP EXIT
ALONSO RULES OUT QUITTING MID-SEASON
WEHRLEIN FITNESS CRITICISM UNFAIR SAYS KALTENBORN
PRACTICE 2 REPORT - HOLDING PATTERN
PRACTICE 1 REPORT - SOGGY START STOP
PRACTICE 1 RESULTS