Cancellation of F1 race will cause no financial burden to Azerbaijan: BCC

If the race doesn't take place in Baku, it will be a considerable financial loss for 'Formula 1', Executive Director of Baku City Circuit Operations Company (BCC) Arif Rahimov told Motorsport publication.

"This is beyond our control. It is a force majeure not only nationwide, but globally as well," he added.

According to the Executive Director, the contract with 'Formula 1' specifies such cases, and there is no need for an extra payment. "If the racing will not take place, the government will face no financial loss. The cancellation will be due to the circumstances beyond our control. It is even illegal to promote the competitions in the current situation," Rahimov stressed.

Earlier, 'Formula 1' administration canceled two Grand Prix competitions, while it postponed five races. Azerbaijan Grand Prix 2020 had been scheduled for June 5-7.