BREAKING NEWS
Armed men take hostages in a church in northern France ... More soon
Close

Singapore extends F1 contract until 2017

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

Relevant offers

Motorsport

Bernie Ecclestone's mother-in-law Aparecida Schunck kidnapped in Sao Paulo: reports Fast car, favourite event has Hayden Paddon positive for WRC Rally Finland Super Black Racing Supercars boss Tony Lentino dies aged 42 Brendon Hartley's Porsche team first in Germany Lewis Hamilton flips Esteban Guiterrez the bird as he overtakes in Hungarian GP Josh Coppins wins all four heats to secure MX1 title at Nelson motocross champs Lewis Hamilton wins Hungarian GP to take overall F1 lead from Nico Rosberg Mitch Evans drifts to seventh in GP2 standings after struggles in Hungary Craig Lowndes denies Jamie Whincup a century at Ipswich Rosberg takes Hungarian GP pole, edges Hamilton, Ricciardo

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