Malaysia set for new F1 race contract
Honda F1 website
Honda website

JANUARY 20, 2015

Malaysia set for new F1 race contract

Malaysia looks set to announce a new multi-year contract to keep hosting the annual grand prix at Sepang.

It emerged recently that circuit boss Razlan Razali travelled to London where he met F1 supremo Bernie Ecclestone, ostensibly for contract talks.

That is because the current race deal expires after the 2015 edition in late March.

Malaysia began hosting the grand prix at the Hermann Tilke-designed Sepang circuit near Kuala Lumpur in 1999.

Razali told the Bernama news agency on Tuesday that the Malaysian economy is suffering due to world oil prices, but that F1 is important due to tourism.

"F1 makes Malaysia an attractive destination in terms of value," he said.

"Tourists from Europe, America and Australia can spend better in Malaysia.

"The continuation of F1 is still good for tourism," Razali added. "I am very confident this year's F1 (race in Malaysia) won't be the last."

(GMM)

Other stories for JANUARY 20, 2015

PALMER TO DRIVE ON FRIDAYS FOR LOTUS

CNN MOVES FROM CATERHAM TO MCLAREN

FORCE INDIA WILL NOT TEST 2015 CAR AT JEREZ

F1 ASSESSING IMPACT OF 2015 ENGINE UNFREEZE

FERRARI RULES OUT HAVING ENGLISH HQ

MALAYSIA SET FOR NEW F1 RACE CONTRACT

GROSJEAN NOT RULING OUT COLOUR CHANGE FOR LOTUS

VANDOORNE HOPES MAGNUSSEN SETBACK BOOSTS F1 HOPES

MONZA CAN SURVIVE WITHOUT F1 RACE

BIANCHI CRASH MEANS EARLIER RACES FOR 2015 HOSTS