Formula1 has signed a new two-plus five-year deal for the Singapore Grand Prix and as per the latest agreement the deal is set to kick off in October this year and is going to run until 2028.
As per AUTOSPORT, the iconic Singapore Grand Prix was absent for 2020 and 2021 because of the covid-19 pandemic, however, from this year onwards the Grand Prix is back in action. The Grand Prix was the host for the inaugural night race in Formula1’s history.
The last extension for the Singapore Grand Prix was a four-year deal that was signed in 2017.
Singapore Grand Prix gets additional two years
The Singapore Grand Prix takes place at the Marina Bay Street Circuit and because of the covid pandemic was not able to host races during 2020 and 2021. All this has changed now as the covid pandemic is starting to take a back seat the Singapore Grand Prix is back for 2022.
As per the new contract the SingaporeGP has got additional two years in order to acknowledge the canceled events. The Formula1 hierarchy is committed to diversifying the sport in Asia and they have recently released an official statement.
Stefano Domenicali the Formula1 Ceo has recently said “I am delighted that Formula 1 will continue to race in Singapore for another seven years,” said Formula 1’s CEO Stefano Domenicali.”
“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 1 returns to this incredible city.”
The Singapore Tourist boards Chief Executive is very happy with the extended association and has said “We are proud to continue to host the Singapore Grand Prix for another seven years.”
“It is an experience like no other in the world that reinforces Singapore’s position as a vibrant and exciting global city.”
“STB welcomes the opportunity to work with our partners to introduce new ideas and concepts to enhance the race experience and to make the entire event one of the most environmentally sustainable street circuits in the F1 calendar.”
“We look forward to welcoming international travelers back to Singapore in 2022 for the race, and encourage them to also explore our new and reimagined offerings.”
Formula1 has made its main agenda to look after the hosts whose races were canceled because of the pandemic and are doing their best to get them a slot in the calendar for this year and future years.
The competition for slots on the Formula1 calendar is increasing year on year and with the rise in the number of new venues, it is going to get difficult for the older venues to find a place on the F1 calendar in the years to come.