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Baku denies F1 race is in doubt
Baku Grand Prix organisers have dismissed suggestions that the city's inaugural Formula 1 race is in doubt because of the collapse in oil prices. Reports emerging on Thursday suggested that the country's financial woes – caused by the fall in oil prices and collapse of its currency (Manat) – could force a rethink about the money being spent on the race. Azerbaijan is heavily dependent on oil and, amid a tough economic impact caused by the commodity's price drop, there have been suggestions the race could be under threat. But Baku chiefs have moved quickly to dismiss claims of the event being in jeopardy, and insist that the June race will not be impacted by what happens to oil prices...
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8y ago from Motorsport.com
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