Carey: Singapore has long-term F1 future

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Carey: Singapore has long-term F1 future

11:58 – Formula 1 CEO Chase Carey says Singapore has a long-term place on the calendar, despite this year’s event being the last under the current contract, with a new deal yet to be reached.

Singapore joined the schedule in 2008 as the sport’s inaugural night race and in 2012 signed a new five-year deal, securing its future through to 2017.

Singapore, along with China, still has a provisional place on the 2018 calendar, with neither country having yet to finalise a new deal with Formula 1 officials.

Ahead of this weekend’s event, Carey explained that negotiations are ongoing but that he regards Singapore as a “signature” location for the Asian leg of the championship.

“We haven’t concluded a deal yet but we’re having positive discussions and it is certainly our goal to try and reach a deal that works for both of us,” Carey is quoted by Reuters during an event in the city state.

“We’re proud of the race, we have a good relationship and our goal is to get to a place where we build on that partnership long-term

“It is certainly a spectacular setting with the city lit up, racing through the streets, a race we are proud of.

“In many ways it’s a race that anchors our Asian strategy.

“It’s still early days for us growing in Asia, but [it is] certainly a signature race for Asia, a signature race for us globally and it’s great to be here.”

Malaysia is the only country on the current calendar without a spot on the 2018 schedule, after officials at Sepang and Formula 1 chiefs mutually agreed to prematurely end its contract.

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