Baku denies F1 race threatened by oil and currency woes


LONDON (Reuters) - Race organisers have reassured Formula One fans that Azerbaijan's inaugural Grand Prix in June will go ahead as planned despite a slump in global oil prices and the weakness of the local currency.

"The devaluation of the manat will have no impact with regards to the staging of the first ever Formula One race in Azerbaijan," Baku City Circuit (BCC) said in a statement in response to media speculation.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Motorsport

Motor racing-Argentinian racing great Traverso dies aged 73
Motor racing-Cassidy takes Formula E lead with win in Berlin
Lando ‘NoWins’ no more
Helmi looking to grab overall MSBK600 title again
Motor racing-Moss hailed as true racer at memorial service
Motor racing-FIA's first CEO Robyn to leave after 18 months
Motor racing-U.S. House judiciary chairman probes F1's Andretti rejection
Motor racing-Miami GP sets F1 record for a live U.S. television audience
Motor racing-Red Bull have taken 220 staff from Mercedes, says Horner
Motor racing-From Trump to Verstappen everyone celebrates Norris win

Others Also Read