The Sport Authority of Thailand (SAT) is preparing to call for entities in the private sector to bid for the rights to organise MotoGP World Championship in Thailand.
Buriram International Circuit is expected to be a top bidder.
The cabinet on March 21 this year agreed in principle for Thailand to contend for the rights to host MotoGP World Championship for three years (2018-2020) as proposed by the Tourism and Sports Ministry.
The cabinet also approved a budget of about 300 million baht from to support the events for three years.
Dorna Sports Group subsequently gave Thailand the rights to host MotoGP World Championship for 2018-2020.
In the latest development, a SAT committee has set the criteria for the private sector to bid for the organisation of the events, which will require a budget of about 374 million baht per year, with a yearly subsidy of 100 million baht from the Thai government.
Lt Gen Ruj Saeng-udom, SAT deputy governor, said on July 24 that experiences, past work records and revenue-earning plans of bidders will be taken for consideration. The bidders will also be required to submit their plans to promote the country’s tourism and sports and automobile industry.
SAT previously granted Buriram International Circuit the rights, but later cancelled the contract and opted to call for bids for the sake of transparency.
It is expected Buriram International Circuit will remain the top contender in the bidding as it has a standard race course with experiences in organising world-class motorcycle races.