P1racenews AI automatic summary:
Malaysia has withdrawn from hosting next season’s Formula E finale amid reported financial issues.
Malaysia’s planned return to Formula E at Sepang International Circuit has been canceled due to the nation pulling out as host, citing concerns over increased financial demands. Originally slated to take place at KL City Circuit, the venue was later moved to SIC, sparking tension between Formula E and local partner Sports Tech Holdings. Formula E wanted a street race near Kuala Lumpur, but logistical challenges led to the change in location. The rise in rights fees and commercial changes also contributed to the strained relationship. Wan Agyl Wan Hassan, CEO of Sports Tech, highlighted the financial strain posed by the new race fees and the mismatch in economic value. Malaysia’s decision marks another setback in hosting single-seater world championships after F1’s departure in 2017, echoing similar financial reasons.
