Singapore GP to remain in Formula 1 Worlds until 2021

Singapore GP to remain in Formula 1 Worlds until 2021

In this image made with a fisheye lens from the Swissotel The Stamford, the Singapore F1 Grand Prix's Marina Bay City Circuit is lit at dusk in Singapore, Thursday, Sept. 14, 2017.

"We are pleased that the teams and constructors involved in these intensive and complex discussions have reached an agreement satisfactory to all concerned", commented Chase Carey, Chairman and CEO, Formula 1.

The motorsport series came under new ownership this year when the USA sports and entertainment firm Liberty Media bought out investment fund CVC Capital Partners, and Carey ended Bernie Ecclestone's reign lasting almost 40 years. "We have so far not got a chance to engage in depth yet, it has only been a little over half a year since the complete change in ownership", said Carey in response to a PTI query.

Who has won the most Singapore Grand Prix races?

The street circuit, which has unique appeal as a night race, first hosted a race in 2008. Besides India, Korea is another country that could not survive in F1 for long. We are pretty full schedule right now.

"This has not only created an exciting atmosphere during the race season, but also injected creative concepts and experiences that continue to attract tourists to Singapore all year round", added Yeo.

Carry said the sport's revamp has already started. Formula 1 is my first and only priority. It is still early days.

"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".