Chinese Grand Prix officially postponed because of coronavirus outbreak!

Vietnam pit complex under construction

The Chinese Grand Prix was axed today with fears over the coronavirus playing havoc with sport in Asia.

The postponement also throws into doubt the inaugural race in Vietnam, which takes place two weeks before but where there have also been cases of COVID-19.

For now the race has simply been postponed, with F1 and the FIA saying they will explore whether it can be hosted at a later date this year.

The F1 season starts on March 15 in Australia before moving to Bahrain the week after.

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 uncertainty surrounding the scale of the outbreak of the deadly virus in China and its control have led the country's officials to cancel public and sporting events, including an upcoming round in Sanya of the FIA Formula E Championship.

"We all look forward to racing in China as soon as possible and wish everyone in the country the best during this hard time".

In a statement on Wednesday, F1 said it is working with the promoter and local authorities to study "the viability of potential alternative dates for the Grand Prix later in the year should the situation improve".

"The FIA, together with the Formula 1, have jointly chose to accept this official request from the promoter and postpone the 2020 FIA Formula 1 Chinese Grand Prix, originally scheduled for 19 April".

Formula One's governing body on Wednesday postponed the Chinese Grand Prix that was due to be staged in Shanghai in April, the latest sporting event impacted by the fast-spreading viral infection in the country.

"We all look forward to racing in China as soon as possible and wish everyone in the country the best during this hard time".

"The global situation regarding this virus will continue to be monitored by the FIA with regard to other motor sport events".

"We had full grand stands previous year", he said, adding that China was beginning to become a "really important market in terms of fan followership".

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