Singapore extends F1 contract until 2017

PATRICK JOHNSTON
Last updated 23:27 22/09/2012

Relevant offers

Motorsport

Scott Dixon's right-hand man full of admiration for cool-headed Kiwi motorsport star Scott Dixon and team doing best to re-create feelings from 'really special day' at 2008 Indy 500 Monaco and the greatest day in Kiwi motorsport Scott Dixon, Chip Ganassi Racing to star in 'inspirational' feature-length documentary Movie Review: McLaren - engrossing, enlightening and surprisingly emotional Fernando Alonso mania takes centre stage at Indianapolis 500 Fernando Alonso ready to perform his greatest trick - at the Indy 500 IndyCar driver Sebastien Bourdais released from hospital after fiery crash in Indy 500 qualifying Suzuki restores Barry Sheene's world championship-winning RG500 Kiwi driving ace Scott Dixon opens up on armed robbery

Singapore has agreed a deal with Formula One to extend the country's grand prix contract for another five years until 2017, the government said today.

There had been some doubt about the future of the event, the only night race on the calendar, but on the eve of the fifth edition the Singapore government said a new five-year deal had been agreed.

Formula One's commercial supremo Bernie Ecclestone said he was "more than happy" with the Singapore race and paid tribute to the government's "courage" to bring a night race to the calendar.

"All of us like being here. So we are all here for another five years," Ecclestone added. "They have started something so popular worldwide."

The race was first held in 2008 on the Marina Bay street circuit and has become a social highlight of the Formula One calendar that rivals Monaco and Abu Dhabi as a draw for dealmakers and corporate heavy-hitters.

Formula One had also planned a flotation worth up to $US3 billion in Singapore but that has been put on hold due to weak and volatile financial markets.

A feasibility study carried out after the 2010 race found that the grand prix had brought in 420 million Singapore dollars ($US331.37 million) in tourism receipts in the first three years.

Ad Feedback

- Reuters

Special offers
Opinion poll

Who is your favourite V8 Supercars driver?

Scott McLaughlin

Shane Van Gisbergen

Fabian Coulthard

Jamie Whincup

Mark Winterbottom

Craig Lowndes

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content

Blog