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Singapore staying on F1 calendar until 2017

  • Published on 22 Sep 2012 15:16
  • comments 0
  • By: Danny Sosef
Singapore has inked a new contract to remain on the Formula One calendar. There had been some doubt the race organisers would agree Bernie Ecclestone's sanctioning fee demands for a new deal beyond this weekend's highly popular night race.

But the F1 chief executive said at the official announcement on Saturday: "We are here for another five years".

Ecclestone admitted the negotiations had been "difficult", because everyone in the entire sport "without exception likes being here".

Tourism minister S Iswaran said Singapore has indeed managed to reduce the financial impact of the event by agreeing a "revised" fee. "We eventually got there," agreed Ecclestone. (GMM)

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