F1: Series won’t be returning to Sepang anytime soon

The CEO of the Sepang International Circuit, Azhan Shafriman Hanif, told local media including Bernama the circuit does not have plans to bring the Malaysian Grand Prix to the F1 calendar in the near future because the circuit would require significant financial support from the Malaysian business community to be able to bring Formula 1 back to the country.

“We should look at the big picture holistically, at how F1 can benefit not only the company but also Malaysia in terms of branding, ability to provide employment opportunities, talent development and others.

“So, when we pay for the relatively high (F1) organizing rights, the return should be high overall, not only from the SIC aspect.”

Earlier, Youth and Sports Minister Datuk Seri Ahmad Faizal Azumu  said that efforts to bring back the race would cost over $50 million.