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Malaysia to make early exit from Formula One

Malaysia to make early exit from Formula One

By: SportBusiness International team

7 Apr 2017
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Malaysia’s Sepang International Circuit (SIC) will host its final Formula One race this year after an agreement was reached to end its contract early.

The Malaysian government and the motor-racing series’ commercial rights holders announced today (Friday) that their hosting agreement will come to an end following this year’s event on October 1.

Malaysia’s Tourism and Culture Minister, Nazri Abdul Aziz, was in November quoted as stating its race deal would not be extended beyond 2018. It earlier emerged that Malaysia was considering ending the hosting of its annual grand prix after its contract ends in 2018 due to falling ticket sales and TV viewership. The SIC has been an annual fixture on the series’ calendar since holding its inaugural race in 1999.

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