Feb.13 (GMM) The Azerbaijan government is not sure it will agree to a new race deal with F1 chiefs.
Baku hosted its first race on the historic city streets in 2016, with the contract having been negotiated with the now former F1 supremo Bernie Ecclestone.
Now, sports minister Azad Rahimov is planning to stage talks with Liberty Media after the 2018 race in April.
“Within three months after the grand prix, we must give an answer to the leadership of formula one about whether we will extend the contract for another five years until 2025,” he told Tass news agency.
“Everyone understands that the contract we have now is unacceptable. I think the new leadership of formula one understands that as well,” Rahimov added.
“We are talking about a number of commercial conditions, sponsorship rights and the price that we pay,” he continued.
“But I think both ourselves and the leadership of formula one have the desire to leave the race here.”
09/12/2016 Liberty to vote on F1 buyout in January Dec.9 (GMM) F1's acquisition by Liberty Media will speed ahead early next year.
Currently, the company headed by US media tycoon John Malone has started to take over the commercial […]
30/06/2015 Tilke to start work on Baku layout Jun.30 (GMM) Once considered an unlikely fit for formula one, Azerbaijan is racing into its grand prix future. Bernie Ecclestone has inked a deal for a street race in Baku, the oil-rich […]
04/05/2017 Carey not confirming 25-race calendar for future May 4 (GMM) F1 supremo Chase Carey says he is undecided about expanding the calendar to as many as 25 races.
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28/04/2017 Sepang boss slams Ecclestone, Liberty Apr.28 (GMM) Malaysia grand prix chief Razlan Razali has hit out at former F1 supremo Bernie Ecclestone ahead of Sepang's last race in October.
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25/05/2017 Carey announces 21 races for 2018 May 25 (GMM) F1 chief executive Chase Carey has announced that there will be 21 grands prix next year.
That is just one race more than this season, despite the fact the sport's new […]
16/03/2017 Azerbaijan hits back at Liberty over GP jibe Mar.16 (GMM) The promoter of Azerbaijan's grand prix has hit back hard at the chief executive of F1's new owner Liberty Media.
Forbes this week quoted Liberty CEO Greg Maffei as strongly […]
30/07/2015 Baku welcomes summer date on 2016 calendar Jul.30 (GMM) Organisers of the inaugural grand prix in the Azerbaijan capital Baku have welcomed their summer race date on the 2016 calendar. The Baku race, scheduled to take place on […]
23/09/2016 Ricciardo not sure radical change good for F1 Sep.23 (GMM) Daniel Ricciardo is not sure radical change is the right move when it comes to improving formula one.
Not only are radically different technical regulations on the way in […]
19/04/2015 Baku good ‘replacement’ for Monza – Ecclestone Apr.19 (GMM) Bernie Ecclestone on Sunday confirmed F1's newest host nation is Azerbaijan. It was already known that the sport's chief executive had inked a deal for a street race in […]