Latest News

Back to Latest News back

 

Rising costs and falling crowds put F1 Malaysian Grand Prix future in doubt

Rising costs and falling crowds put F1 Malaysian Grand Prix future in doubt
October 27, 2016

The future of the Formula 1 Malaysian Grand Prix is doubt with organisers considering the cost of hosting the event to be too high.

Since joining the calendar in 1999, the Sepang International Circuit (SIC) has hosted 18 Grands Prix, but falling ticket sales and TV viewing figures have led organisers to consider the future of the event after the current contract runs out in 2018.

Malaysian Sports Minister Khairy Jamaluddin, has been vocal about the situation on his Twitter account, commenting “When we first hosted the F1, it was a big deal. First in Asia outside Japan. Now so many venues. No first mover advantage. Not a novelty.”

A second tweet stated “F1 ticket sales declining, TV viewership down. Foreign visitors down (because) can choose Singapore, China, Middle East. Returns are not as big.”

Speaking to state news agency Bernama, SIC Chief Executive Datuk Ahmad Razlan Ahmad Razali Razlan Razali, suggested that a “temporary withdrawal from F1 could be beneficial for the country” while also confirming that there is a "watertight agreement" for the event to continue for another two seasons.

Razali said ticket sales have been falling since 2014, the season that saw the introduction of the V6 hybrid power units.

The New Straits Times reported that ticket sales for the F1 have fallen by around 10% each year since 2014, reaching levels of only around 55 to 60% for this year’s race.

Razlan also added that initial reports for the last F1 race showed that TV viewership in Malaysia was the “lowest in history.”

The 2017 F1 schedule of 21 races includes three races with provisional status: Canada (11th June), Germany (30th July) and Brazil (12th November). Malaysia is locked into the 2017 schedule with a 17th September race date.

2016 has seen Malaysia struggle to host sporting events with the V8 Supercars event cancelled and tennis' Malaysian Open relocated to China. Attendance at this year's Singapore F1 Grand Prix also fell.

Images courtesy of the Sepang International Circuit.

19th September 2016 - ATTENDANCE DIPS AT SINGAPORE GRAND PRIX WITH ENTERTAINMENT KEY TO FUTURE EVENTS

8th September 2016 - US-BASED MEDIA INTERESTS CONFIRM US$4.4 BILLION ACQUISITION OF FORMULA 1

12th July 2016 - MALAYSIA FAREWELLS ANOTHER INTERNATIONAL SPORTING EVENT

1st June 2016 - V8 SUPERCARS CANCEL INAUGURAL KUALA LUMPUR RACE

15th December 2015 - MALAYSIA LOSES CREDIBILITY AS A HOST FOR INTERNATIONAL SPORT AND ENTERTAINMENT EVENTS

13th October 2015 - MALAYSIAN GOVERNMENT TO REMODEL NATIONAL SPORTS COMPLEX INTO A SPORTS CITY


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

AIS Water

AIS Water, the trading name of Australian Innovative Systems, is a multi-award winning, Australian owned leader in the design, production and supply of commercial and residential chlorine generators…

read more

Aquatics / Safety / Technology

 
 

Altitude Training Systems

Also at 3 Squill Place, Arndell Park NSW 2148 ATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help…

read more

Fitness / Sport / Technology

 
 

HIDROPLAY

Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…

read more

Aquatics / Play / Recreation

 
 

AUSFIT

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

SGL GROUP

SGL is an innovative and progressive lifestyle, leisure and community consulting practice, operated by Phillip Gray and active since 1988. SGL has undertaken an extensive range of sport,…

read more

Aquatics / Consultants / Fitness / Recreation / Sport

 
 

AAC ID SOLUTIONS

AAC ID Solutions is a leading supplier of identification access wristbands, barcoded wristband tickets, lanyards, membership products and RFID solutions for events and venues, working with thousands…

read more

Access / Marketing / Safety / Ticketing

 
 

Perfect Gym

Perfect Gym Solutions is a software as a service (SaaS) solution purpose-built to service the fitness industry, with over 1000 clients servicing over 2 million gym members across 40 countries making…

read more

Access / Fitness / Marketing / Recreation / Technology

 
 

RHINOPLAY

Rhinoplay offers playground equipment in Australia that is safe, durable, and most importantly fun! We specialise in creating unique indoor playgrounds for play centres and outdoor playgrounds for…

read more

Parks / Play / Surfaces

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business