Skip to main content

SIC Positive Of F1 Contract Renewal

SEPANG, March 23 (Bernama) -- Sepang International Circuit (SIC) chairman Tan Sri Mokhzani Tun Dr Mahathir today gave positive indication that the contract to organise Formula One (F1) will be extended for another three years.

However, Mokhzani said the decision on the contract renewal had yet to be finalised and it would only be announced upon getting the green light from its shareholder, the Ministry of Finance.

"We are still in discussion with Formula One Management (FOM) and studying the latest terms of agreement. SIC wants a decision which would benefit all parties involved.

"We want a win-win situation...there are several issues which I'm still not very satisfied and if we can discussed this further, SIC will renew the contract for another three years," he told reporters at a tea reception with the media at SIC, here today.

Commenting on the period of three years, he said there was no minimum or maximum period stated by the FOM.

Mokhzani said three years was sufficient for SIC to improve the organising of F1 in the future.

He added that the involvement of Petronas in sponsoring Mercedes AMG was an added incentive for SIC to continue organising the world class race.

"It is learnt that Petronas has extended its sponsorship of Mercedes AMG team for another three years, and as such, it will be an impetus to hold the F1 in Sepang," he said.

In another development, SIC chief executive officer, Datuk Razlan Razali said the company was all ready for the race on March 27 to 29.

Razlan said SIC had also complied with all the latest conditions and requirements set by FOM and the International Automobile Federation (FIA).

-- BERNAMA

Comments

Popular posts from this blog

Rajagobal Let Off The Hook

PETALING JAYA, April 24 (Bernama) -- National head coach Datuk K. Rajagobal was let off the hook by the Football Association of Malaysia's (FAM) Disciplinary Committee after finding no evidence that he had violated FAM's Article 88, as claimed. FAM Disciplinary Committee chairman Datuk Taufik Abdul Razak said the committee had decided not to charge Rajagobal after carefully analysing the video of the post-match press conference by the 56-year-old coach. "After listening to the recording of the post-match press conference, we decided to drop the charge against Rajagopal as he did not make such a statement. "Maybe his (Rajagobal) assessment and comments of the match was misconstrued by the media. There was no mention of the FAM policy throughout his comments," said Taufik after emerging from a three-hour Disciplinary Committee meeting at Wisma FAM in Kelana Jaya, here, Wednesday. Rajagobal who does not mince his words when asked to com...

Atlet Tempuhi Empat Kejohanan Besar Sebelum Olimpik Rio 2016

KUALA LUMPUR, 31 Mei (Bernama) -- Empat temasya sukan penting yang dijadual berlangsung mulai Disember ini hingga 2015 menjadi medan persiapan atlet negara sebelum menghadapi cabaran Sukan Olimpik 2016 di Rio de Janeiro, Brazil, kata Menteri Belia dan Sukan, Khairy Jamaluddin Jumaati. Kejohanan berkenaan ialah Sukan SEA di Myanmar pada Disember, Sukan Asia 2014 di Incheon, Korea Selatan, Sukan Komanwel 2014 di Glasgow, Scotland dan Sukan SEA 2015 di Singapura. Bercakap kepada pemberita selepas melawat Majlis Sukan Negara (MSN) di Bukit Jalil di sini, Khairy berkata kesemua temasya sukan itu dilihat amat penting dalam memastikan impian negara untuk membawa pulang pingat emas Olimpik pertama menjadi kenyataan. "Kita di Kementerian Belia dan Sukan (KBS) mahupun MSN akan memastikan semua atlet mendapat bantuan sewajarnya dalam melakukan persiapan ke arah membawa pulang pingat emas pertama negara di Rio de Janeiro, Brazil nanti," katanya. Dalam perkemb...

Uber Cub: Malaysian squad Can Spring A Surprise - Ahmad Shabery

KUALA LUMPUR, April 29 (Bernama) -- Youth and Sports Minister Datuk Ahmad Shabery Cheek remains confident that the national Uber Cup squad can spring a surprise when Malaysia hosts the Thomas and Uber Cup finals at the Putra Stadium in Bukit Jalil from May 9-16. He said despite not being the favourite, the women's team was able to surprise everyone by winning the gold medal at the Laos SEA Games. "I am confident they (Uber Cup team) will be able to produce a similar surprise. Not only are they capable of reaching the semi-final, they can go further," he told reporters after having lunch with national shuttlers here Thursday. National badminton Team manager Datuk Syed Abu Bakar Abdullah who echoed the minister's confidence said: "In Laos, nobody expected the women's team to win the world, so why not the Uber Cup? All they need to do is try their very best." Women's team captain Wong Pei Tty said she and her team-mates have set a target of r...