Tun M backs F1 return to Sepang

Former Malaysian Prime Minister Tun Dr Mahathir Mohamad has expressed support for the return of Formula 1 (F1) racing to the Sepang International Circuit (SIC). In an interview on the DR.M podcast, Dr Mahathir noted that rising costs led to Malaysia's departure from the F1 calendar in 2017, but recent changes in currency values have made the hosting fees more feasible.

He stated that RM100 million, which was once a substantial amount, now feels equivalent to RM50 million. Dr Mahathir suggested that if he were in government, the country would reconsider hosting F1 at SIC. The circuit, known for its 5.543km layout and challenging high-speed corners, remains one of F1's most recognizable venues. Dr Mahathir urged the government to evaluate the economic benefits of bringing back a permanent Malaysian Grand Prix, recalling that the decision to build the circuit in 1999 was aimed at boosting national tourism.

He emphasized that F1 attracts approximately 100,000 spectators who contribute significantly to the economy through hotel stays, dining, and spending. Dr Mahathir highlighted that F1 serves as a global advertising platform, projecting Malaysia's name to hundreds of millions of households worldwide. The construction cost of the circuit, initially RM200 million, has already been fully recouped, making it a cost-free facility now.

He noted that Malaysia relinquished its hosting rights in 2017 when F1's American owners increased the annual hosting fees from RM50 million to over RM100 million, an amount that was unaffordable at the time. Dr Mahathir pointed out that Sepang's advantage over street tracks like Singapore lies in its purpose-built design for high-speed racing, without disrupting city traffic.