What is the FOM fee Bahrain paid for its F1 race?

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Bahrain's Formula One Management Fee for its Race

Bahrain's Formula One Management (FOM) fee for its Grand Prix race falls within the range of US$70 million to US$80 million. This figure represents a significant financial commitment for hosting the event.
Annual Licence Fee for Hosting F1

When Malaysia previously hosted Formula One between 1999 and 2017, the annual licence fee paid to FOM was a primary point of contention. These fees amounted to hundreds of millions of ringgits, contributing substantially to the overall cost of staging the race.
Exemption from FOM Fees for Malaysia

For the upcoming race in October, Malaysia is stepping in as a replacement for Bahrain on the calendar. As a result, Malaysia is exempt from paying the FOM licence fee. This is because Bahrain has already settled its obligation, which is reported to be between US$70 million (approximately RM298 million) and US$80 million.
Financial Advantage for Malaysia's Hosting

The exemption from the multi-million-dollar licence fee presents a considerable financial advantage for Malaysia this year. Previously, these substantial FOM fees, alongside other operational costs and fluctuating attendance figures, were cited by the government as key reasons for discontinuing the contract in 2017. This allows Malaysia to benefit from hosting a global F1 event without incurring its largest past expense.

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What is the FOM fee Bahrain paid for its F1 race?

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