Why is Petronas clarifying its role regarding F1 ticket sales?

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Petronas Clarifies Its Role in Formula 1 Ticket Sales Due to Public Interest in Potential Race Return

Petronas has issued a clarification regarding its involvement with the Petronas Sepang International Circuit (SIC) and Formula 1 (F1) ticket sales. This statement addresses public inquiries stemming from discussions about the potential return of the F1 race to Malaysia. Petronas explicitly stated that it is not the event organiser and therefore does not manage ticket allocation, sales, or distribution.
Clarification Issued Amidst F1 Race Return Speculation

The national oil company's statement was released in response to heightened public interest surrounding the upcoming Formula 1 Gulf Air Bahrain Grand Prix, which is scheduled to take place at the SIC in 2026. This public attention was amplified by remarks from the Youth and Sports Minister, who indicated that the ministry is actively discussing and evaluating the feasibility of the F1 race returning to the Malaysian circuit. Malaysia last hosted an F1 Grand Prix in 2017, but the SIC has maintained its FIA Grade 1 license.
Petronas Not the Event Organiser for F1 Races

Petronas emphasized that its role concerning the SIC is distinct from that of an event organiser. As such, the company clarified that it does not possess any authority over, nor does it manage, control, or have access to, the allocation, sales, or distribution of tickets for F1 events held at the circuit. The naming rights for the SIC were secured by Petronas for a three-year period starting in October 2023.
Ticket Sales Managed Solely by Authorised Channels

The responsibility for managing ticket sales for F1 races at the SIC rests entirely with the event organiser and its designated authorised channels. Petronas clarified this point to ensure there is no misunderstanding regarding its operational involvement in the ticketing process. The SIC itself is owned by Sepang International Circuit Sdn Bhd, a company under the Minister of Finance Incorporated, and is operated by an agency under the Ministry of Youth and Sports.

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Why is Petronas clarifying its role regarding F1 ticket sales?

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