The fact F1 has chosen the Singapore exchange for the sport's high profile floatation does not mean the city-state's popular floodlit street race is guaranteed. The night event's existing five year contract runs out this year, although a two-year notice clause in the deal means Singapore should stay on the calendar at least until 2014.
On the face of it, a new deal seemed a certainty, given it was Bernie Ecclestone himself who chose Singapore as the location for F1's forthcoming floatation. "Formula one is known in Singapore, and Asia is thriving. It is a simpler market and not as restrictive," he said recently. Talks about a new race deal "are underway", the local Business Times reported in March, "but it is understood that one sticking point is the sanction fee."
An unnamed banker commented: "The Singapore government wants formula one to be listed here and for that to happen, it knows the race has to remain here. But at the same time, it doesn't want to pay top dollar again. So the bargaining should continue for some time."
However, the English language newspaper now reports that F1's floatation plans, and the expiring Singapore race contract, could be entirely unrelated. "We are in the process of negotiating a possible renewal of the (race) agreement and the outcome will be announced once discussions are complete," said a spokesman for race promoter Singapore GP.
Second minister for trade and industry S Iswaran insisted that the mooted floatation will not influence the outcome of the race contract negotiations. And the Singapore tourism board's Aw Kah Peng added: "You've got to see whether the deal is right in every way. We're hoping everybody sees value in it and we get a so-called good deal for Singapore, in terms of whether all the numbers can work out and everybody takes home something -- a kind of a win-win proposition." (GMM)
Singapore eyes new race deal and F1 floatation
- Published on 01 May 2012 10:54
-
0
- By: Rob Veenstra
.
Trending news
-
What Verstappen really said about his Red Bull futureMax Verstappen has acknowledged his Red Bull contract extension through 2030 comes with a sobering reality: the next ...
28 Aug 2026 16:54 -
Racing Bulls join the macarena wing race with Imola testRacing Bulls are testing their own variant of the rotating rear wing design at Imola during a filmday on Tuesday, acc...
28 Aug 2026 15:51 -
Nico Rosberg issues stark warning to former team MercedesNico Rosberg has warned Mercedes that McLaren has become Formula 1's team to beat, delivering a stark assessment ...
28 Aug 2026 14:50 -
Why Alonso credited himself after Zandvoort chargeFernando Alonso delivered a blunt self-assessment after driving from 18th on the grid to ninth at the Dutch Grand Pri...
28 Aug 2026 13:48 -
Why Max Verstappen's 2030 Red Bull contract might not be finalMax Verstappen's new Red Bull contract through 2030 may not be the career-defining commitment it appears, accordi...
28 Aug 2026 12:47
Dutch Grand Prix
Local time
-
Friday
Saturday
Sunday
Dutch Grand Prix
Local time
-
Friday
-
Saturday
-
Sunday
-
Friday
-
Saturday
-
Sunday
Test calendar
Circuit de Catalunya - Winter testing
-
Jan 26
I. Hadjar
- 1:18.159
-
-
-
Jan 27
M. Verstappen
- 1:19.578
-
-
-
Jan 28
A. Antonelli
- 1:17.362
-
-
-
Jan 29
G. Russell
- 1:16.445
-
-
-
Jan 30
L. Hamilton
- 1:16.348
-
-
Bahrain International Circuit - Winter testing
-
Feb 11
L. Norris
- 1:34.669
-
-
-
Feb 12
C. Leclerc
- 1:34.273
-
-
-
Feb 13
A. Antonelli
- 1:33.669
-
-
Bahrain International Circuit - Winter testing
-
Feb 18
G. Russell
- 1:33.459
-
-
Feb 19
A. Antonelli
- 1:32.803
-
-
Feb 20
C. Leclerc
- 1:31.992
-
-
World Championship standings 2026
Pos
Driver
Team
Points
Pos
Team
Points
Related news
Give your opinion!
Formula 1 Calendar - 2026
Date
Grand Prix
Circuit
-
Spain
-
Bahrain
-
Bahrain
Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
-
Spain
Circuit de Catalunya
-
Bahrain
Bahrain International Circuit
-
Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
Bahrain
Bahrain International Circuit
17 - Apr 19
Saudi Arabia
Jeddah Street Circuit
1 - May 3
United States of America
Miami International Autodrome
22 - May 24
Canada
Gilles Villeneuve
5 - Jun 7
Monaco
Monte Carlo
12 - Jun 14
Spain
Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
Replies (0)
Login to reply