01 Oct

The 1Malaysia F1 Team (1MF1T), slated to join the Formula One (F1) race next year, need not register with the Sports Commissioner's Office (SCO).Sports Commissioner Datuk Nik Mahmud Nik Yusof said this was because 1MF1T was an F1 racing team and not a sports body or organiser of motoring sports in the country." As such, it need not register with SCO. However, I am not sure of its status. We will study the status of 1Malaysia F1 Team and decide whether to classify it as a team or an F1 sports body," he told Bernama here Thursday.Nik Mahmud said that if...

05:19 / Local / Sports
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17 Sep

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...

04:33 / Local / Sports
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