SHEER WASTE OF MONEY
Malaysia’s foray into the expensive world of Formula One with its 1Malaysia F1 team is expected to cost nothing less than a billion ringgit, industry sources say. theSun learnt that budgetary concerns pose the biggest challenge in getting the 1Malaysia F1 team off the starting grid in next year’s Formula One race. The cost of putting an F1 team together from scratch is considerable, with teams spending between US$45.6 million (RM158.7 million) and US$445.6 million (RM1.55 billion) per year on F1 races. The expenses will involve setting up the infrastructure, where a large portion of the budget will go towards operational expenditures such as...