F1 news is never far away from discussing beloved events like the Malaysian GP. Although a return is far away, there are signs of promise.
The last few seasons have seen considerable changes to the F1 calendar. Perhaps one of the most unpopular of these, back in 2017, was a failure to extend the Malaysian GP’s place on the yearly schedule. Known for its close races, challenging track layout and unpredictable weather, the Sepang circuit is well-loved in F1 circles.
Financial limitations
With regret, a series of factors meant it couldn’t keep its place in F1. Earlier this year, Malaysia’s Sports Minister – Hannah Yeoh – spoke candidly about the subject:
“F1 is very expensive. We had to wait for $4,500,000 from the government just to upgrade the track,” she explained to a Malaysian outlet.
“If we could host an F1 races, we already would have done it – but for now, we can’t afford to have races.”
This is a familiar story in Formula 1, especially in recent years. The growing demand to host a Grand Prix means that venues must face greater competition to keep their places. Germany’s Hockenheim track is another example of a casualty from the latest new additions to the calendar.
However, the Malaysian venue is set to receive some much-needed support in its efforts to earn an F1 slot.
A new chapter
Earlier today, it was confirmed by Malay Mail that the Sepang circuit will be renamed. After signing a three-year naming rights deal with Petronas, the venue’s new name is “Petronas Sepang International Circuit.”
In just a few weeks’ time, the “Petronas Grand Prix of Malaysia” will be held for MotoGP. This event is a reminder that – with the correct financial support – organisers are more than committed to hosting worldwide events.
To be clear, this agreement does not confirm Malaysia will join the F1 calendar. Next year’s schedule is already fixed. However, given that Petronas has a title sponsorship deal with Mercedes (Mercedes Petronas F1 Team, to be precise), there are clear links to Formula 1.
The circuit’s CEO says this agreement “opens doors to new opportunities to host more world-class events… as one of the industry leaders in motorsports – through its engagements in Formula 1 and MotoGP.”
Only time will tell if concrete negotiations with Formula 1 begin. Still, it is encouraging to see that one of the sport’s most beloved venues is receiving the financial muscle it deserves.
