Singapore Grand Prix to remain on the Formula 1 world championship for upcoming five seasons. Recently they are agreed a new five-year deal with Formula 1 boss Bernie Ecclestone.
The only night grand prix on the Formula 1 schedule, the race has become one of the most admired on the F1 calendar, and it would have been a major shock if new terms had not been agreed.
“All of us, without many exceptions, like being here and this is what it made it difficult for me to negotiate with the minister.” Bernie Ecclestone said
“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.”
Formula 1 boss, however, declines to confirm the cost of the new deal, adding: “I always believe these sort of questions shouldn’t be asked.
“A gentleman should never speak about money and last night!”
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. 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”.