Formula One has rubberstamped a seven-year deal with Singapore Grand Prix what in effect will keep it in F1 until 2028. If truth is to be spoken, since the street circuit’s debut in Formula One back in the 2008s, the Singapore Grand Prix remains as a blockbuster event on F1’s calendar year.
Followed by two consecutive years of cancellation in 2020 and 2021, the high-profile F1 event has been set to get back into the track this year. Besides, according to the new deal cut between F1 and Singapore Grand Prix, the street circuit will remain a core part of F1’s annual schedule until 2028.
A spokesperson for Singapore Grand Prix was quoted saying earlier on Thursday that a deal was reached between F1, Singapore Grand Prix Promoter alongside the Southeast Asia’s richest economic HubSpot’s tourist board.
F1 seals seven-year deal with Singapore Grand Prix
Meanwhile, citing a through and through optimism over the new accord, F1 Chief Executive Stefano Domenicali said following the announcement, “I am delighted that Formula One will continue to race in Singapore for another seven years.
The Marina Bay Street Circuit hosted the first night race in F1 history in 2008, and Singapore has continued to thrill fans, teams, and drivers ever since. ” “Singapore holds a special place on the F1 calendar, and this extension is part of our long-term commitment to continue to grow the sport in Asia.
The plans that are in place to reduce the carbon footprint of the event are impressive and align with our plans to be Net Zero Carbon as a sport by 2030 and I look forward to continuing our successful relationship with Singapore GP and the Singapore Tourism Board as Formula One returns to this incredible city,” added Domenicali.