Singapore bids to host an F1 race
Singapore bids to host an F1 raceWednesday April 13 2005
According to Singapore Motor Sports Association (SMSA) President Matthew Lee, talks have already been held between the SMSA and the country’s tourist board regarding the possibility of hosting a race.
“We met with the Singapore Tourist Board late last year to discuss it in a feasibility study group, and we’ve knuckled down the exact roads for a possible F1 street circuit since,” Lee told Singapore’s Electric News Paper.
Lee revealed that a site has already been chosen for the street circuit, however, admits that that project will only get off the ground if Singapore’s tourism board agrees to underwrite it.
“Money talks first, especially when it comes to Bernie Ecclestone,” he said. “This is an open secret in the world of Formula One.”
Lee is expecting it cost around £16 million to set-up the street circuit, while the annual expenses will be around £7-10 million. The majority of that going to Ecclestone for the rights to host the race.
that will be GREAT! i've never even thought that it is possible.
Labels: f1
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home