Singapore Grand Prix Deal Not Yet Complete

Singapore GP has denied reports that a deal has been agreed with F1 to extend the country’s grand prix contract for five years after September’s race.

Singapore GP said in statement that negotiations on the terms of a second five-year contract were continuing.

SGP said: “What is presently on offer from Formula One Administration is insufficient for us to commit to a full five-year extension. We remain hopeful at reaching an outcome that is mutually beneficial to all parties.”{jcomments on}