Remains optimistic about returning to the Gulf race despite financial setbacks.

      Racing Bulls team principal Alan Permane stated that Formula 1 is still optimistic about rescheduling the canceled Bahrain and Saudi Arabian Grands Prix, despite increasing logistical and financial challenges. "We are monitoring the calendar and are quite hopeful that there’s a chance to reschedule either or both races later in the year," he remarked. "We don’t have any updates at this point. Clearly, until the situation in the Middle East stabilizes, rescheduling won't occur. However, if it does happen, we could end up with a very hectic conclusion to the season."

      These remarks come as pressure mounts, especially from Saudi Arabia, to find available slots later in the season, echoing recent assertions by Dutch commentator Robert Doornbos that the Jeddah race could return in December. However, Permane acknowledged that the financial repercussions of the cancellations are already being felt across the teams. "The cancellation of two Grand Prix events significantly affects the teams' budgets," he noted. "On one hand, if these races don’t occur, the teams will save money as there won’t be any travel expenses for staff. There won’t be costs for flights, hotels, or cargo transport. Yet, the overall financial situation will still be negative, which is concerning."

      In fact, a report from Auto Motor und Sport indicates that losing the Bahrain and Saudi Arabian races—among the highest revenue-generating events—could result in a nearly 100 million euros reduction in Formula 1’s revenue this year. With approximately half of that sum allocated to teams, the financial impact is expected to reach millions for each team. Simultaneously, the rising fuel costs stemming from the Middle East conflict are adding more pressure. "We haven’t received any specific figures yet, but as the season progresses, teams' expenses will inevitably rise due to increasing fuel prices," Permane explained. "However, fuel costs have already climbed for everyone, and soon the same will happen with air travel. All these expenses will inevitably affect F1 teams, as they are all included in the budget cap."