F1 return: Youth and Sports Ministry to table cost-benefit evaluation to Cabinet next month

The Malaysian Sports and Youth Ministry will present a proposal to the Cabinet on resuming the Formula 1 Grand Prix, following a successful race in Sepang that revived interest in the event.

Minister Mohd Taufiq Johari highlighted that an inter-ministerial assessment committee is evaluating the costs and expected returns of hosting to ensure broad sector benefits.

Malaysia previously hosted the Grand Prix from 1999 to 2017 but ceased due to high costs and low returns.

A viable five-year business plan would be required to reinstate the event, with a report expected by November.

KUALA LUMPUR, Oct 15 — The Sports and Youth Ministry is set to present its assessment on whether or not Malaysia should resume hosting the Formula 1 Grand Prix to the Cabinet next month, its minister Mohd Taufiq Johari told Parliament this morning.

The ministry was mandated to lead an inter-ministerial F1 assessment committee formed to evaluate the projected costs and return on investment for the country, the minister revealed, following revived interest to resume hosting the grand prix after the overwhelming turnout at the race in Sepang.

“Recently the Ministry of Youth and Sports was mandated to join an F1 assessment committee involving all ministries as well as the Chief Secretary to the Government,” Taufiq said during Question Time.

“So, we want to evaluate the projected costs and the expected return on investment (ROI) for the country, ensuring that hosting the event is not managed solely under the Ministry of Youth and Sports through the Sepang International Circuit.”

The announcement comes on the heels of Sepang International Circuit’s (SIC) successful hosting of the rescheduled Bahrain Grand Prix earlier this month, marking F1’s first return to Malaysia in nine years.

The event saw record-breaking ticket sales, reigniting public debate and political interest in bringing back a permanent spot on the F1 calendar.

Malaysia hosted the Malaysian Grand Prix from 1999 until 2017, when the government pulled out due to rising hosting fees and declining ticket returns. Industry reports estimate the cost of hosting exceeds RM300 million annually.

FIA officials have signaled that the door remains open for Sepang, provided a viable five-year business plan is presented.

Addressing concerns about hosting fees, Taufiq stressed that any decision must have “shared benefits” across multiple sectors, including tourism, retail, and hospitality.

“That is why an assessment of our readiness and related factors is currently underway. By November, we will produce a report to be presented to the Cabinet, and ultimately, the Cabinet will decide whether or not we will bring Formula 1 back to our country,” he said.

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继雪邦赛道成功举办一级方程式大奖赛后，马来西亚体育和青年部将向内阁提交一份关于恢复一级方程式大奖赛的提案，该赛事重新燃起了人们对这项赛事的兴趣。

部长莫哈末·陶菲克·佐哈里强调，一个跨部门评估委员会正在评估举办活动的成本和预期收益，以确保广泛的行业效益。

马来西亚曾于 1999 年至 2017 年举办过一级方程式大奖赛，但由于成本高、收益低而停止举办。

要恢复这项赛事，需要制定一份切实可行的五年商业计划，预计11月前将提交一份报告。

吉隆坡，10 月 15 日讯——体育及青年部部长莫哈末·陶菲克·佐哈里今天上午在国会表示，该部将于下个月向内阁提交关于马来西亚是否应该恢复举办一级方程式大奖赛的评估报告。

部长透露，在雪邦大奖赛上座率极高之后，人们对重新举办F1大奖赛的兴趣重新燃起，因此该部委派领导一个跨部门的F1评估委员会，以评估该国的预计成本和投资回报。

“最近，青年和体育部被授权加入一个F1评估委员会，该委员会由所有部委以及政府首席秘书组成，”陶菲克在问答环节中说道。

“因此，我们希望评估预计成本和国家预期投资回报率 (ROI)，确保举办这项赛事并非完全由青年和体育部通过雪邦国际赛道进行管理。”

此前，雪邦国际赛道 (SIC) 于本月初成功举办了重新安排的巴林大奖赛，标志着 F1 九年来首次重返马来西亚。

该赛事门票销售创下纪录，重新引发了公众对在F1赛历上恢复永久席位的讨论和政治兴趣。

马来西亚曾于1999年至2017年举办马来西亚大奖赛，后因举办费用上涨和门票收入下降而退出。据业内报告估计，每年举办该赛事的成本超过3亿令吉。

国际汽联官员已表示，只要提出切实可行的五年商业计划，雪邦赛道的大门仍然敞开。

针对有关场地费用的担忧，陶菲克强调，任何决定都必须在包括旅游业、零售业和酒店业在内的多个行业中带来“共享利益”。

“正因如此，我们目前正在评估自身准备情况及相关因素。到11月，我们将提交一份报告给内阁，最终，内阁将决定是否将一级方程式赛车带回我国，”他说道。

洛克：民航局的审计在砂拉越直升机坠毁事故发生前发现了一些小问题，但没有发现直接关联。

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