The Thai government has officially sanctioned a budget of $1.2 billion to host a Grand Prix in the capital city of Bangkok. With several Grand Prix venues reporting a significant economic impact through Formula One,

Thailand's cabinet has approved a bid to host a Formula 1 street race in Bangkok as early as 2028, officials said on Tuesday.

Despite the glitz and glamour associated with Formula 1, it isn't private or corporate wealth that keeps the sport on the road - it's the checkbook of nations.