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F1 regime change held up Singapore GP deal

  • Published on 16 Sep 2017 14:50
  • comments 0
  • By: Fergal Walsh

F1's change of management held up talks for a new Singapore grand prix deal, minister S Iswaran said ahead of the city-state's 2017 race. Before a new contract for 2018-2021 was announced on Friday, the Singapore night race - now one of F1's blue-riband events - had mere provisional status on next year's calendar.

Trade and industry minister S Iswaran said the move from the Bernie Ecclestone era held up the talks which have now concluded successfully: "First, with the changes in the ownership and management of F1, serious negotiations could commence only in February," he explained.

Iswaran also explained why Singapore has agreed only a four-year deal, even though the previous contract extension was for five years. It is believed the decision is connected with the looming end of the current 'Concorde agreement' in 2020 and Liberty Media's plans beyond that.

"We wanted to thoroughly evaluate the medium-term prospects for F1 and the value a term extension could bring to Singapore," said Iswaran. "I am glad that all parties have been able to agree on commercial terms for the extension."

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Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
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