Singapore GP handed new four-year deal

The Singapore Grand Prix will stay on the Formula 1 calendar until at least 2021 thanks to a fresh four-year agreement.

Singapore GP handed new four-year deal

The new deal was confirmed by Formula 1 on Friday morning, with the Singapore GP promoters, the Singapore Tourism Board, and Liberty Media combining to keep the sport's first night race on the calendar for another four years.

"The Singapore Grand Prix is a signature Formula 1 race and therefore we are very pleased that it will continue to feature on the calendar for a further four years," said F1 chairman and CEO Chase Carey.

"The first ever night race in this sport is one of the most thrilling events of the year, taking place against the stunning backdrop of Marina Bay.

"The Singapore Grand Prix, the Singapore Tourism Board and the Singapore Government have all done an excellent job of making this an event that involves the whole city.

"We are looking forward to offering our continued support to make the next four years even more spectacular and exciting."

According to the announcement, the event has delivered a "year-on-year plus 19 percent in ticket sales", with Singapore's Minister for Trade and Industry S Iswaran emphasising the importance of the race for the city.

Although no figures for the new race fee were revealed, Iswaran said the overall cost of the event had come down to S$135 million per year - 60 percent of which came from government contributions. It has been reported that the previous cost was S$150m.

"The F1 Singapore Grand Prix has generated significant benefits for our economy as well as the Formula 1 franchise," Iswaran said.

"With its global viewership and media coverage, the race has reinforced Singapore's image as a vibrant and innovative city to a wide international audience.

"It has also created good opportunities for Singaporeans and the local business community.

"We look forward to the continued support of all Singaporeans as we work with Formula 1, Singapore GP, and all stakeholders, to ensure the F1 Singapore Grand Prix remains an event that we can all be proud of."

Although there had been talk in the past of the track layout being changed to take in a different area of the city, Iswaran said that no plans for any such alteration were being considered at the moment.

shares
comments
Renault wanted Ricciardo as part of engine deal

Previous article

Renault wanted Ricciardo as part of engine deal

Next article

Gallery: Key F1 tech shots at Singapore GP

Gallery: Key F1 tech shots at Singapore GP
Load comments
Hungarian Grand Prix driver ratings Prime

Hungarian Grand Prix driver ratings

This was race that showcased the best and worst of Formula 1, producing a first time winner and a memorable comeback to a podium finish. Avoiding trouble at the start and astute strategy calls were key to success, but where some drivers took full advantage, others made key errors that cost them dearly

The "heart-breaking" call that led to Ocon's Hungarian GP triumph Prime

The "heart-breaking" call that led to Ocon's Hungarian GP triumph

Set to restart the red-flagged Hungarian Grand Prix in second, Esteban Ocon had some doubts when he peeled into the pits to swap his intermediate tyres for slicks. But this "heart-breaking" call was vindicated in spectacular fashion as the Alpine driver staved off race-long pressure from Sebastian Vettel for a memorable maiden Formula 1 victory

The F1 champion who became an Indy king in his second career Prime

The F1 champion who became an Indy king in his second career

Emerson Fittipaldi’s decision to go racing with his brother led to him falling out of F1, but he bloomed again on the IndyCar scene. NIGEL ROEBUCK considers a career of two halves

Formula 1
Jul 31, 2021
Why Mercedes is pleased to be in the Hungary hunt at a 'Red Bull track' Prime

Why Mercedes is pleased to be in the Hungary hunt at a 'Red Bull track'

Mercedes ended Friday practice at the Hungaroring with a clear gap to Red Bull thanks to Valtteri Bottas’s pace in topping FP2. But there are other reasons why the Black Arrows squad feels satisfied with its progress so far at a track many Formula 1 observers reckon favours Red Bull overall...

Formula 1
Jul 30, 2021
How Red Bull endured its second car crash in two weeks Prime

How Red Bull endured its second car crash in two weeks

OPINION: Red Bull was justified to be upset that Lewis Hamilton survived his British GP clash with Max Verstappen and went on to win. But its attempts to lobby the FIA to reconsider the severity of Hamilton's in-race penalty were always likely to backfire, and have only succeeded in creating a PR disaster that will distract from its on-track efforts

Formula 1
Jul 30, 2021
The ‘screaming’ F1 engine future that may not be out of reach Prime

The ‘screaming’ F1 engine future that may not be out of reach

OPINION: It wasn't just the Verstappen/Hamilton clash that had the Red Bull and Mercedes bosses at loggerheads at Silverstone, with the nature of Formula 1's 2025 engines also subject for disagreement. But hopes to have loud, emotive engines that are also environmentally friendly don't have to be opposed.

Formula 1
Jul 29, 2021
How Lotus uncovered, then squandered its last ‘unfair advantage’ Prime

How Lotus uncovered, then squandered its last ‘unfair advantage’

Cast in the mould of its founder Colin Chapman, Lotus was powerful and daring but flawed – as it proved through further soaring peaks and painful troughs into the 1980s. DAMIEN SMITH examines a game-changing era

Formula 1
Jul 27, 2021
The core problems Yas Marina’s long-awaited tweaks won't address Prime

The core problems Yas Marina’s long-awaited tweaks won't address

OPINION: Changes to the layout of Abu Dhabi’s circuit aim to reverse the trend of insipid Formula 1 races there - the promoter has even described one of the new corners as “iconic”. And that, argues STUART CODLING, is one of this venue’s abiding failings

Formula 1
Jul 26, 2021