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Sepang International Circuit (SIC) CEO, Azhan Shafriman Hanif, admits reviving Formula One (F1) in Malaysia is challenging due to the high hosting costs, exceeding RM300 million annually. He considers Malaysia's decision to stop hosting F1 after 2017 a costly mistake and hopes the same fate won't befall MotoGP. The F1 race fee alone is US$70 million (RM330 million) per edition, excluding RM10-20 million in preparation costs. He urges collaborative efforts from ministries, corporations, and hotels, similar to Singapore's model, to bring F1 back, emphasizing that profits won't be immediate.
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