It looks as if Formula One could be on the verge of losing two of the Asian rounds on the current calendar with both Malaysia and Singapore looking to end their time as hosts for the pinnacle of Motorsports.
Speaking in Malaysia on Monday afternoon, Tourism and Culture Minister Nazri Abdul Aziz confirmed that the country’s current deal to host a Formula One race would expire after the 2018 event and a new contract would not be signed.
According to Aziz, F1 attendance figures are on the decline while costs to host the event have increased tenfold, meaning that the event is no longer financially viable. Instead the country will focus on the MotoGP which, according to them, has a stronger following than Formula One.
Meanwhile, Singapore’s current deal runs out after the 2017 event and according to F1 Supremo Bernie Ecclestone, it is highly unlikely that they will renew either. Speaking to the German media, Ecclestone stated that the country has got the increased popularity they wanted from Formula One and as such they don’t believe they need to host a race any longer.
Only time will tell what the future has in store for both venues, but it certainly would be a shame for Formula One to lose either circuit.