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Singapore GP extension not agreed

No new deal for Singapore, organisers insist

The organisers of the Singapore Grand Prix have denied reports that a new deal has been agreed.

F1 boss Bernie Ecclestone had been quoted as saying a new five-year agreement had been reached in a report in Singapore's Today newspaper on Wednesday, something that would see F1 continue to visit the 'Lion City' until 2017.

“Everything that was in the way of the Singapore Grand Prix continuing for another five years has been cleared,” Ecclestone allegedly told the 'paper.

“I'm happy that this is out of the way because Singapore has been good to F1 and the night race has also been equally good for Singapore.”

However, Singapore GP organisers later said talks are still 'on-going' and that it is looking for 'terms that offer commercial viability for the full five years'.

“What is presently on offer from Formula One Administration is insufficient for us to commit to a full five-year extension,” organisers added.

“We remain hopeful at reaching an outcome that is mutually beneficial to all parties.”

Singapore first held a round of the F1 World Championship in 2008. The current deal expires in September.



Related Pictures

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23.09.2011- Friday Practice 1, Night view of Marina Bay Street Circuit
24.09.2011- Qualifying, View of Marina Bay Street Circuit
24.09.2011- Qualifying, View of Marina Bay Street Circuit

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Mr Know it All - Unregistered

July 11, 2012 2:58 PM

Good for you Singapore in trying to nail Bernie down on a better deal for yourselves. After all, Singapore has done much for F1 and Bernie just takes the money. Singapore was a great city before and is now so it doesnt need F1 to make itself appear to be more than it is by inviting F1 to grace it with its presence like many 2nd rate cities do.You are paying Bernie to run his cars in your own back yard so he can clean up on its TV money. Maybe he should be paying all of you.....



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