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Baku organisers deny Azerbaijan GP under threat
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Baku City Circuit (BCC) chiefs have brushed off claims that Azerbaijan’s inaugural F1 race might be under threat amidst financial turmoil due to the plummeting oil price. The oil-dependent country has suffered massive economic loss and seen its currency, the Manat, greatly devalued. Reports have indicated that Azerbaijan, which is preparing to host the European Grand Prix on June 17-19, could be forced to drop the event as a result. However, Baku organisers insisted on Thursday that the race would get under way, with Azerbaijan hoping to reap substantial benefits from it ultimately. “The devaluation of the Manat will have no impact with regards to the staging of...
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