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RM391 million for Sepang
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"RM391 million for Sepang
November 19, 2005 at 11:18 am
· Filed under Local News , Motorsports
Due to a restructuring exercise, Malaysia Airport Holdings, the current owner of the Sepang F1 circuit is trying to sell off the circuit. The Ministry of Finance agreed in 2003 to buy the circuit for USD 103.6 million (RM 391 million) but apparently the sale is being held up by Bernie Ecclestone’s Formula One Management.
Apparently there are some legalities with a country owning a circuit being used in the Formula One series, as Malaysia as a sovereign country cannot be taken to court in case anything happens. A solution is still being worked out.
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14 Comments »
MyBoy
said,
November 19, 2005
@ 12:30 pm
So we mi"
....
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