Formula 1 is unlikely to return to Malaysia for the foreseeable future, according to its youth and sports minister.

Hannah Yeoh has played down the prospect of the world championship racing in Sepang, citing the high costs involved in the event.

F1 unlikely to return to Sepang

Yeoh has stated that the high prices associated with hosting a Formula 1 event could be better used elsewhere.

“Organising F1 races requires the government to pay about 300 million Ringgit ($71.1m; £52.7m) annually to Liberty Media, which holds the F1 commercial rights,” Yeoh said in parliament on Thursday.

“Malaysia must also bind itself to a contract of between three to five years with the said company, amounting to a commitment of about 1.5 billion Ringgit ($360m; £260m).”

That funding, she noted, would amou

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