Thailand to rev up business with F1 debut

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Chalerm Yoovidhya, co-owner of Red Bull, is backing Thailand’s Formula 1 bid

Talks are going on between Thailand and Bernie Ecclestone’s Formula 1 circus FIA to host a Grand Prix in Thailand from 2014, local media reported.

The Thai Tourism and Sports Ministry has asked Ecclestone to get rights to host a grand prix, backed by corporate sponsors Red Bull and Singha Beer.

“Our discussions with Bernie Ecclestone have gone smoothly. We expect to get rights to host a grand prix from 2014 onwards,” Kanokphand Chulakasem, governor of the Sports Authority of Thailand, was qouted as saying.

If approved, it would most likely be a night race similar to Abu Dhabi and Singapore.

Speculations are ongoing about the location of a future Thai F1 circuit. Options would reportedly be to upgrade the Bira Race Circuit near Pattaya or to build an entirely new F1 certified race track. Some are in favour of holding the F1 race on the streets of Bangkok, where the ample Rajdamnoen Avenue in 2010 already saw a demo run by a red bull F1 car. There are also rumours that a race track could be built in Chiang Mai.

According to the sports minister, Red Bull team owners Chalerm Yoovidhya and his Austrian partner Dietrich Mateschitz are helping to negotiate the hosting fee with FIA, which is estimated to amount to $37 million. The cost of building a new F1 venue to accommodate 100,000 spectators would be about $3.1 million, he added. Overall, the budget for hosting a F1 race is expected to be up to $300 million.

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Reading Time: 2 minutes

Chalerm Yoovidhya, co-owner of Red Bull, is backing Thailand’s Formula 1 bid

Talks are going on between Thailand and Bernie Ecclestone’s Formula 1 circus FIA to host a Grand Prix in Thailand from 2014, local media reported.

Reading Time: 2 minutes

Chalerm Yoovidhya, co-owner of Red Bull, is backing Thailand’s Formula 1 bid

Talks are going on between Thailand and Bernie Ecclestone’s Formula 1 circus FIA to host a Grand Prix in Thailand from 2014, local media reported.

The Thai Tourism and Sports Ministry has asked Ecclestone to get rights to host a grand prix, backed by corporate sponsors Red Bull and Singha Beer.

“Our discussions with Bernie Ecclestone have gone smoothly. We expect to get rights to host a grand prix from 2014 onwards,” Kanokphand Chulakasem, governor of the Sports Authority of Thailand, was qouted as saying.

If approved, it would most likely be a night race similar to Abu Dhabi and Singapore.

Speculations are ongoing about the location of a future Thai F1 circuit. Options would reportedly be to upgrade the Bira Race Circuit near Pattaya or to build an entirely new F1 certified race track. Some are in favour of holding the F1 race on the streets of Bangkok, where the ample Rajdamnoen Avenue in 2010 already saw a demo run by a red bull F1 car. There are also rumours that a race track could be built in Chiang Mai.

According to the sports minister, Red Bull team owners Chalerm Yoovidhya and his Austrian partner Dietrich Mateschitz are helping to negotiate the hosting fee with FIA, which is estimated to amount to $37 million. The cost of building a new F1 venue to accommodate 100,000 spectators would be about $3.1 million, he added. Overall, the budget for hosting a F1 race is expected to be up to $300 million.

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