Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

China offered two F1 races this year - Shanghai official

Published 06/16/2020, 12:08 AM
Updated 06/16/2020, 12:10 AM

SHANGHAI (Reuters) - China has been invited to host two Formula One races in Shanghai this season but no decision has been reached over whether to accept the offer, the head of the Shanghai Sports Bureau has told local media.

The Chinese Grand Prix was supposed to take place at the Shanghai International circuit on April 19 but was postponed until later in the year because of the coronavirus outbreak.

Formula One Management (FOM) still hope to run 15-18 races this year and have announced a revised and shortened provisional European schedule set to start in Austria without spectators on July 5.

"FOM asked us if it is possible for Shanghai to hold two races," Shanghai Administration of Sports director Xu Bin was quoted as saying by state news agency Xinhua.

"We have not made the final decision, depending on the potential changes of the epidemic situation."

The novel coronavirus emerged in the central Chinese city of Wuhan late last year and has now infected more than eight million people worldwide.

Beijing officials reported 27 new confirmed cases for June 15 on Tuesday, stoking fears of a second wave of the respiratory disease.

China has been cautious about resuming professional sport even as neighbouring South Korea, Japan and Taiwan have restarted soccer and baseball leagues.

The top-flight Chinese Basketball Association (CBA) league will resume on Saturday in two central hubs in Qingdao and Dongguan but no fans will be present.

The Chinese Super League (CSL (OTC:CSLLY)) soccer league, which was scheduled to get underway on Feb. 22, would resume in July "if everything goes well", Xinhua quoted Xu as saying.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Xu said the administration had been talking to many international sports organisations in recent months about hosting events in China's financial capital.

The season-opening Australian Grand Prix was cancelled hours before the opening practice session in March as the virus started to spread around the world.

The Azerbaijan, Singapore and Japan races were cancelled last Friday, joining four races already called off.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.