This estimated figure covers Formula 1 hosting rights fees, which are currently estimated at between US$70 million to US$80 million (RM289 million to RM340 million), as well as costs for local preparations required to meet the specifications of the event. In other words, if we spend RM300 million, the potential return to the country could reach RM1 billion,” Azhan said. There are two main requirements which need to be met if Malaysia is to regain a permanent slot on the Formula 1 calendar, he said. This includes the ability to pay the hosting rights fees, and the availability of a slot on the championship calendar. Earlier this week, former Sepang International Circuit CEO Datuk Razlan Razali said that while the return of Formula 1 to Malaysia will bring economic spillover, a permanent return to the sport’s calendar is unlikely.