Car Championship «Formula 1»announced the cancellation of two races that were to take place in April in Bahrain and Saudi Arabia. The organisers estimate financial losses in the range of $130 to $200 million.
Official cancellation of stages
Formula One has announced the cancellation of two races scheduled for Bahrain and Saudi Arabia. Both events were to take place in April this year.
The decision was made public by the championship organisers. The reasons for the cancellation were not specified in the notice.
Financial implications for the championship
Formula 1's losses due to the cancellation of two rounds are estimated at between $$130 and $$200 million. Bahrain and Saudi Arabia pay one of the largest fees for the right to host the race.
These two stages are among the most profitable for the championship organisers.
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