The Singapore GP has not yet renewed the contract
The organizers complain that the costs are too high
di Stephen12 July 2012
The organizers of the Singapore GP they have not yet signed the renewal of the contract to be able to host the race even after 2012 and have declared that they do not want to pay “too many dollars” for the race.
According to rumors, the government of the small state pays a tax of 40 million dollars a year, approximately double that of another Asian race, the Malaysian GP.
According to Channel NewsAsia, the government will only renew the street circuit contract if it is “economically acceptable”.
“We hope to reach an agreement very soon,” said government minister S Iswaran.
The Singapore Grand Prix was the first night-time F1 Grand Prix, and debuted on the calendar in the 2008 season.
Stefano Rifici
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