Published: Wed, February 12, 2020
Markets | By Otis Pena

Chinese GP to be called off due to coronavirus

Chinese GP to be called off due to coronavirus

The 2020 Chinese GP will not take place as scheduled in April because of the coronavirus outbreak - with Formula 1 claiming they will now look for "potential alternative dates later in the year".

More than 1,100 people have been killed in China by the virus, which has been named COVID-19 by the World Health Organization.

Hosting fees also make up a significant portion of Formula One's revenues, with some races paying as much as $40 million a year.

The Shanghai race, the fourth of the new season, becomes the latest - but easily the most high-profile - sports event to fall victim to the virus outbreak which has killed more than 1,100 people in China, where it emerged at the end of past year.

The World Health Organisation (WHO) has declared the coronavirus outbreak a global health emergency.

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F1 are already scrambling to find another date for the Chinese race, in an already packed schedule, so having to relocate or reorganise two races would be a nightmare.

Carey also said the sport was keeping an eye on the spread of the virus outside China to other countries in the region such as Vietnam, which is set to host its first race on April 5.

The Chinese Grand Prix, which debuted in 2004, is an important event for Formula One, with the sport keen to tap into the opportunity presented by the country's vast population and growing middle class. The FIA F1 community looks forward to racing in China as soon as possible and wishes everyone in the country the best during this hard time. "You could probably go even further and say a likelihood just given what seems to be transpiring".

It is unclear when the Grand Prix will eventually be held, but for now, there will be a one-month break between the inaugural Vietnamese Grand Prix and the Dutch Grand Prix.

F1 did not immediately respond when asked for an update on the Chinese Grand Prix Tuesday evening.

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