No decision on F1 this week, says SIC

The Sepang International Circuit (SIC) today clarified that no decision about the Formula 1 (F1) Grand Prix will be made this week.

"Any misunderstanding is regretted," the SIC said in an e-mailed statement to Bernama here.

The company added that only the renewal of the Motorcycle GrandPrix (MotoGP) licence, which expires this year, is expected to be finalised by the end of this week.

Earlier, it was reported that the fate of the F1 Grand Prix at the SIC will likely be known by the end of this week.

SIC CEO Datuk Razlan Razali was quoted as saying that there would be a special meeting to discuss the matter with SIC's major stakeholder, the Finance Ministry, on Thursday.

"The F1 ticket sales here have gone down since 2014.

"In contrast, the Malaysia Motorcycle GrandPrix (MotoGP) looks more promising in terms of attracting spectators and its potential spillover effects," he had said at a media briefing here today.

Malaysia first started hosting the F1 race in Sepang in 1999. -- Bernama