Once their current agreement expires in two years time, Malaysia will no longer welcome the world’s most watched car based sport.
The city of Sepang, found in the south of Malaysia, has hosted an annual fixture on the Formula One calendar since 1999.
However, a recent fall in TV viewing figures, and the trading of race day tickets, has encouraged Razlan Razali, chief executive of the circuit, to question its “economic value”.
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October's race only saw 45,000 witness live the victory of Red Bull’s Daniel Ricciardo, despite the circuit's capacity amounting to 120,000.
Nazri Abdul Aziz, the country's culture and tourism minister, had the following to say in regards to the announcement: "From the longer term perspective, it's probably the correct decision because it's more expensive and no longer that attractive.”
Prior to this news being leaked to the worldwide media, Formula One supremo Bernie Ecclestone hinted that the future of the sport in South East Asia was a bleak one.
Malaysia has spent more than £50 million on hosting the race each year, and to spend such on a product which people are reportedly losing interest in is dodgy ground.
Razali said: "I think the product is no longer exciting, it's being dominated by one team [Mercedes]."
"Maybe it will do Malaysia good to take a break."
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