Updated: 25/09/2012 16:42 | By pa.press.net

New deal for Singapore race



Singapore GP organisers have agreed a new five-year deal to stage the race

Singapore GP organisers have agreed a new five-year deal to stage the race

The Singapore Grand Prix is to remain on the Formula One calendar for another five years after organisers agreed a new five-year deal with the sport's supremo Bernie Ecclestone.

Questions marks had been raised as to the future of the race coming into this weekend's event given it is the last on the initial five-year contract signed in 2008.

The release of a provisional calendar for next season had Singapore starred, highlighting the fact it was in doubt pending a fresh deal. However, as the only night event on the F1 schedule, the grand prix has become one of the most popular on the calendar, and it would have been a major surprise if new terms had not been agreed.

Ecclestone said: "All of us, without many exceptions, like being here and this is what made it difficult for me to negotiate with the minister."

The 81-year-old was referring to Minister S. Iswaran, a member of the prime minister's office, and the second minister for home affairs and trade and industry.

Asked if Singapore would remain the only night race for the next five years, Ecclestone added: "The trouble is they've started something that's so popular worldwide that I'm sure other people are going to want to do this.

"Whether or not we're going to be happy with that I don't know, but we're very happy with what we've got in Singapore - more than happy.

"I'm very proud they had the courage to do this in the first place."

Ecclestone, however, refused to confirm the cost of the new contract, adding: "I always believe these sort of questions shouldn't be asked. A gentleman should never speak about money and last night!"

Referring to the deal only being concluded this weekend, Iswaran said: "The negotiations took some time because all parties had very specific objectives and wanted to arrive at a mutually beneficial outcome. F1 has been good for Singapore...and good for F1, adding a new dimension to the sport with a unique night race."

0Comments
Get the Bing Sports App for Windows 8 (© Microsoft)

latest f1 news

  • Lewis Hamilton emerged victorious in the Singapore Grand Prix to regain the lead of this year's Formula One world title race  AP

    Lewis Hamilton feels relaxed rather than relieved after reclaiming the lead in the battle for this year's Formula One world title.

  • Daniel Ricciardo, left, will have to continue to wait for Red Bull team principal Christian Horner, right, to impose team orders to aid his title cause

    Red Bull team principal Christian Horner believes it would have been "wrong" to have imposed team orders on Sebastian Vettel and Daniel Ricciardo in the Singapore Grand Prix.

  • Kevin Magnussen endured a gruelling night's work in the cockpit of his McLaren during the Singapore Grand Prix

    McLaren team principal Eric Boullier has hailed Kevin Magnussen's drive to claim a sole point in the Singapore Grand Prix as "heroic".

  • Nico Rosberg missed out on pole by the slenderest of margins

    Nico Rosberg's expletive moments after the conclusion to a pulsating qualifying session said it all after he had lost out to Lewis Hamilton by the slenderest of margins.

  • Fernando Alonso feels a top-three finish in the Singapore Grand Prix is within his grasp

    Fernando Alonso has his sights set on a rare podium finish to complete Ferrari's surprise resurgence in Singapore.

  • Lewis Hamilton is working on improving his single-mindedness  AP

    Lewis Hamilton is working on improving his single-mindedness as he bids to improve his chances of winning this year's Formula One world title.

  • Charlie Whiting admits monitoring radio messages in future grands prix will not be straightforward

    FIA race director Charlie Whiting has acknowledged coded radio messages will be difficult to police throughout future grands prix.

  • Williams duo Valtteri Bottas, left, and Felipe Massa have not given up hope of a win this season

    Williams duo Valtteri Bottas and Felipe Massa both remain convinced they can deliver a victory for the team before the end of the year.

  • Bernie Ecclestone has suggested three-car teams may soon come to fruition

    Bernie Ecclestone has suggested Formula One is poised for a dramatic change should a number of cash-strapped teams go to the wall over the winter.

  • Felipe Massa has hit out at the FIA ban on radio messages

    Felipe Massa has warned of the possibility of "a big fight" with FIA race director Charlie Whiting ahead of the Singapore Grand Prix following the recent ban on radio messages.

  • Fernando Alonso has made it clear he is far from happy with the latest rumours suggesting he is to leave Ferrari

    Fernando Alonso has accused the Italian media of attempting to destabilise Ferrari following the latest rumours linking him with a move away from the team.

  • Financial difficulties are making life difficult for Sauber and team principal Monisha Kaltenborn

    Sauber team principal Monisha Kaltenborn cannot confirm whether her cash-strapped marque will be on the Formula One grid next season.

  • Lewis Hamilton admits he has no margin for error

    Lewis Hamilton appreciates he is running out of wiggle room in his bid to win this year's Formula One world title.

  • Ferrari's Fernando Alonso was quickest in final practice ahead of the Singapore Grand Prix  AP

    For only the fourth time in 42 practice sessions this year a Mercedes failed to finish in the top two positions come the conclusion.

  • Bernie Ecclestone's race-sanctioning fees have been questioned by the F1 teams

    Mercedes motorsport boss Toto Wolff has confirmed talks have taken place between the teams and Formula One supremo Bernie Ecclestone with regard to financial assistance for the historic circuits.