Malaysia To Quit Formula One After 2018

Organisers in Malaysia confirmed that the contract to hold the Malaysia Grand Prix will not be renewed once it expires in 2018.

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After 2018 no longer,” the Malaysia the tourism and culture minister Nazri Abdul Aziz told reporters in parliament when asked about the future of the event.

From the longer term perspective, it’s probably the correct decision because it’s more expensive and no longer that attractive,” he insisted, according to Reuters.

Talk of the event being dropped first emerged last month when sports minister Khairy Jamaluddin took to Twitter to question why the country should continue hosting a race which has seen hosting fees rise by 10% year on year whilst at the same time witnessing ticket sales decrease by the same percentage.

When we first hosted the F1 it was a big deal,” he tweeted. “First in Asia outside Japan. Now so many venues. No first mover advantage. Not a novelty.

F1 ticket sales declining, TV viewership down,” he continued. “Foreign visitors down because can choose Singapore, China, Middle East. Returns are not as big.

For the record I still think we should host MotoGP…1) Cheaper fee and cost, 2) Sell-out crowd, 3) We have riders in Moto2 and 3.

 

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Formula One, Malaysia

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