Latest news with #FIA-accredited
Daily Tribune
17-06-2025
- Automotive
- Daily Tribune
Thailand Sets Sights on 2028 Formula 1 Grand Prix with $1.2 Billion Bangkok Bid
Thailand's cabinet has given the green light to a bold $1.2 billion bid to host a Formula One Grand Prix in Bangkok starting in 2028, marking a major push to bring the world's most prestigious motorsport event to Southeast Asia's second-largest economy. If approved by Formula 1 management, the deal would see Thailand host an annual race in the capital through 2032, adding another marquee event to the sport's already packed global calendar. Street Racing in the Heart of Bangkok The proposal is for a street circuit in Bangkok — a high-stakes logistical and infrastructural undertaking that aims to emulate the glitz and allure of races like Monaco and Singapore. The government has made clear that this isn't just about racing, but about showcasing Thailand on the global stage. 'In the next two to three years, Thailand will have world-class competition, which we never thought would actually happen here,' said government spokesperson Jirayu Houngsub in a news conference on Tuesday. Tourism Minister Sorawong Thienthong confirmed the bid is valued at approximately 40 billion baht ($1.23 billion). Long-Term Vision for Tourism For Thailand, hosting a Formula 1 race fits neatly into its strategy to revitalize tourism, which remains one of the country's most important economic sectors. A Bangkok Grand Prix would generate global media exposure, draw tens of thousands of international fans, and position the capital as a high-end destination for sports and entertainment. This announcement follows a March meeting between Thai Prime Minister Paetongtarn Shinawatra and F1 CEO Stefano Domenicali, after which Thailand commissioned a feasibility study into organizing a street race beginning in 2028. Competition on a Crowded Grid If successful, Thailand would join an increasingly crowded Formula One calendar that currently features 24 races, with four already in the Asia-Pacific region — including a night race in nearby Singapore. While Thailand has an FIA-accredited circuit in Buriram, which hosts MotoGP events, the government is aiming higher with a Bangkok-based event that puts the urban setting front and center. It's a move that mirrors the global trend in F1 toward street circuits that blend sport with cityscape spectacle. Next Steps The Thai government's approval is just the beginning. The final decision rests with Formula One's commercial rights holders and governing bodies. A Bangkok Grand Prix would require detailed logistical planning, infrastructure development, and close coordination with city authorities to ensure the urban race meets international standards. Still, the cabinet's unanimous backing signals Thailand's intent: to be more than just a tourist haven — to become a global stage for elite sport. If it crosses the finish line, Bangkok 2028 could mark a turning point in Southeast Asia's presence in the Formula 1 world.
Business Recorder
17-06-2025
- Business
- Business Recorder
Thai cabinet approves $1.2 bln bid to host Formula 1 race in 2028
BANGKOK: Thailand's cabinet has approved a $1.2 billion bid to host a Formula One street race in its capital Bangkok in 2028, government officials said on Tuesday. If successful, the Thai capital would win a contract to host a race each year from 2028 to 2032, government spokesperson Jirayu Houngsub told a news conference. 'In the next 2-3 years, Thailand will have world-class competition, which we never thought would actually happen in Thailand,' Jirayu said. Tourism Minister Sorawong Thienthong told reporters the bid is worth about 40 billion baht ($1.23 billion). In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula One chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028. Hosting the race will help promote tourism, a key driver of Thailand's economy, the government has said. Hamilton impressed by Pitt's speed in 'authentic' F1 movie Formula One already has a crowded schedule of 24 races around the world with four in the Asia-Pacific region, including the Singapore Grand Prix in Southeast Asia. Thailand has an FIA-accredited track in Buriram in the northeast of the country, which currently hosts a round of the MotoGP motorcycling world championships, but the proposal is for a street race in the kingdom's capital.
Business Times
17-06-2025
- Business
- Business Times
Thailand Cabinet approves 40 billion baht bid to host Formula 1 race in 2028
[BANGKOK] Thailand's Cabinet has approved a US$1.2 billion bid to host a Formula One street race in its capital Bangkok in 2028, government officials said on Tuesday (Jun 17). If successful, the Thai capital would win a contract to host a race each year from 2028 to 2032, government spokesperson Jirayu Houngsub told a news conference. 'In the next 2 to 3 years, Thailand will have world-class competition, which we never thought would actually happen in Thailand,' Jirayu said. Tourism Minister Sorawong Thienthong told reporters the bid is worth about 40 billion baht (S$1.6 billion). In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula One chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028. Hosting the race will help promote tourism, a key driver of Thailand's economy, the government has said. Formula One already has a crowded schedule of 24 races around the world with four in the Asia-Pacific region, including the Singapore Grand Prix in South-east Asia. Thailand has an FIA-accredited track in Buriram in the northeast of the country, which currently hosts a round of the MotoGP motorcycling world championships, but the proposal is for a street race in the kingdom's capital. REUTERS
India Gazette
03-06-2025
- Business
- India Gazette
T20 Mumbai League 2025: Kapil Dev unveils jersey of SoBo Mumbai Falcons
Mumbai (Maharashtra)[India], June 3 (ANI): Mumbai Falcons Racing Limited, best known for putting India on the global motorsport map, has officially announced its entry into cricket with the launch of its new franchise, SoBo Mumbai Falcons in the T20 Mumbai League, hosted by the Mumbai Cricket Association (MCA). The launch event also featured the unveiling of the team's official jersey, team anthem, and a new cricket-focused talent development initiative called 'Agla Star - One in a Billion Hunt', a first-of-its-kind national programme aimed at identifying and nurturing the next generation of world-class Indian athletes - on track and field, according to the MCA press release. Bringing in the support to this vision, India's first World Cup-winning cricket captain, legendary cricketer Kapil Dev has joined the SoBo Mumbai Falcons in an advisory and ambassadorial role--bringing his leadership and experience to inspire the next generation. The Rs 82 crore acquisition of the SoBo franchise marks the group's strategic expansion into cricket and the next phase of its vision to build a multi-sport performance ecosystem. The team aims to set a new benchmark in Indian cricket where data, science, and preparation are as central to performance as instinct and skill. This launch is more than the reveal of a jersey or a team anthem, it's the unveiling of a new kind of Indian sports institution, one where motorsport precision meets cricketing passion. The SoBo Mumbai Falcons represent a new generation of athletes, guided not just by flair and aggression, but also by science, data, and relentless preparation. The anthem, the jersey, and the squad are designed to echo this spirit, a symbol of performance rooted in purpose. 'We're not here to be just another cricket team. We're here to build something deeper, something more future-focused. The same dedication that built champions in racing is now being brought into cricket,' said the Mumbai Falcons leadership team. Founded in 2019, Mumbai Falcons Racing Limited became the first Indian team to win an FIA-accredited international racing championship. With a strong focus on youth development and performance science, the team has supported future global racing stars including Kimi Antonelli, Oliver Bearman, Arthur Leclerc, Rafael Camara, and Freddie Slater. In 2024, Mumbai Falcons won the Formula Regional Middle East Championship and finished runners-up in the Formula 4 Middle East Championship, reinforcing its position on the international stage. Having earned its stripes on international racing circuits, Mumbai Falcons now brings that same pursuit of excellence to cricket. With SoBo Mumbai Falcons, the team is set to redefine how talent is nurtured through science, discipline, and an unshakeable belief that India's next big sporting icon is already among us, waiting to be shaped.(ANI)
United News of India
03-06-2025
- Sport
- United News of India
Mumbai Falcons launch SoBo Mumbai Falcons & One in a Billion Hunt
Mumbai, June 3 (UNI) Mumbai Falcons Racing Limited, best known for putting India on the global motorsport map, has officially announced its entry into cricket with the launch of its new franchise, SoBo Mumbai Falcons in the T20 Mumbai League, hosted by the Mumbai Cricket Association (MCA). The launch event also featured the unveiling of the team's official jersey, team anthem, and a new cricket-focused talent development initiative called 'Agla Star – One in a Billion Hunt', a first-of-its-kind national programme aimed at identifying and nurturing the next generation of world-class Indian athletes – on track and field. Bringing in the support to this vision, India's first World Cup-winning cricket captain, legendary cricketer Kapil Dev has joined the SoBo Mumbai Falcons in an advisory and ambassadorial role—bringing his leadership and experience to inspire the next generation. The Rs 82 crore acquisition of the SoBo franchise marks the group's strategic expansion into cricket and the next phase of its vision to build a multi-sport performance ecosystem. The team aims to set a new benchmark in Indian cricket where data, science, and preparation are as central to performance as instinct and skill. This launch is more than the reveal of a jersey or a team anthem, it's the unveiling of a new kind of Indian sports institution, one where motorsport precision meets cricketing passion. The SoBo Mumbai Falcons represent a new generation of athletes, guided not just by flair and aggression, but also by science, data, and relentless preparation. The anthem, the jersey, and the squad are designed to echo this spirit, a symbol of performance rooted in purpose. 'We're not here to be just another cricket team. We're here to build something deeper, something more future-focused. The same dedication that built champions in racing is now being brought into cricket,' said the Mumbai Falcons leadership team. Founded in 2019, Mumbai Falcons Racing Limited became the first Indian team to win an FIA-accredited international racing championship. With a strong focus on youth development and performance science, the team has supported future global racing stars including Kimi Antonelli, Oliver Bearman, Arthur Leclerc, Rafael Camara, and Freddie Slater. In 2024, Mumbai Falcons won the Formula Regional Middle East Championship and finished runners-up in the Formula 4 Middle East Championship, reinforcing its position on the international stage. Having earned its stripes on international racing circuits, Mumbai Falcons now brings that same pursuit of excellence to cricket. With SoBo Mumbai Falcons, the team is set to redefine how talent is nurtured through science, discipline, and an unshakeable belief that India's next big sporting icon is already among us, waiting to be shaped. UNI BM
