Still no new Singapore GP deal for 2013
- Published on 10 Jul 2012 08:58
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- By: Rob Veenstra
The reports said the government has been paying a sanctioning fee of about $40 million per year -- "roughly twice" the amount paid by another Asian race, Malaysia. Now, Channel NewsAsia is reporting that the government has told the street circuit's promoter Singapore GP that it will only extend the deal if a new contract is "economically viable". "We hope to see a mutually agreeable outcome soon," said trade minister S Iswaran.
With a five-year contract, Singapore hosted its first grand prix - the first for F1 under floodlights - in 2008. (GMM)
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