Sepang not satisfied with new F1 deal
As the Formula 1 circus touches down in Malaysia, it is possible that this week’s race will be the 17th and the last at the Sepang circuit.
Early this year, Malaysian race officials had travelled to London to discuss their expiring contract with F1 supremo Bernie Ecclestone. Now, on the eve of the new edition, a deal for next year and beyond has still not been struck. It is obvious that the stumbling block is Ecclestone’s race fee demands.
“We are still in discussion with Formula 1 management and are studying the latest terms of the agreement. We want a win-win situation. There are several issues which have yet to be solved. If we can discuss this further, we will renew the contract for another three years,” said Sepang circuit’s chairman Mokhzani Makhatir in an interview to Benama news agency.
He also revealed that the reigning champions Mercedes have extended their title sponsorship deal with Petronas, the government owned Malaysian oil company.
“Petronas has extended its sponsorship of the Mercedes AMG team for another three years and as such, this will provide an impetus to keep Formula 1 at Sepang,” Mokhzani added.