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Singapore gets new four-year Formula 1 contract

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Formula 1 bosses have agreed to a new contract for the Singapore Grand Prix that ensures the race will remain on the calendar through to 2021.

F1 arrived in Singapore for the 10th running of the night race without a firm contract in place for 2018 or beyond, raising concerns about its future.

Bernie Ecclestone, F1’s former ringmaster, had long-stated he wanted a new, extensive deal for Singapore, but with the nearby Malaysian Grand Prix being scrapped and locals showing wavering support, a contract extension was far from certain.

After successful talks between the race promoters, the local government and F1’s new bosses in recent weeks, a new contract was announced in Singapore on Friday, running for another four years.

“The Singapore Grand Prix is a signature Formula 1 race and therefore we are very pleased that it will continue to feature on the calendar for a further four years,” F1 CEO and chairman Chase Carey said.

“The first ever night race in this sport is one of the most thrilling events of the year, taking place against the stunning backdrop of Marina Bay.

“The Singapore Grand Prix, the Singapore Tourism Board and the Singapore Government have all done an excellent job of making this an event that involves the whole city.

“We are looking forward to offering our continued support to make the next four years even more spectacular and exciting.”

The race contract extension is the first to have been struck by F1’s new management, which came into power back in January following Liberty Media’s acquisition of the sport.

Montreal Mayor cancels Formula E’s planned season four finale

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New Montreal Mayor Valérie Plante has cancelled the FIA Formula E Championship’s planned season four finale, which was set for two races on July 28 and 29, 2018, citing what was termed a “financial fiasco.”

Plante was elected to replace Denis Coderre in the role, and didn’t follow Coderre’s support of the event.

She announced the news today citing financial and logistical challenges she didn’t feel the city could overcome.

Via a report in the CBC, Plante’s administration estimated a potential cost of up to $35 million would needed to be paid by the city’s taxpayers for the event’s second running. Additionally, a nonprofit organization reportedly owes creditors some $9.5 million.

Plante revealed details today in a series of messages posted on Twitter, which you can see in order below.

A Formula E spokesperson supplied a statement of the surprise news to e-racing365.com:

Formula E’s fourth season underwent one calendar change with a return to Punta Del Este, Uruguay replacing a cancelled race in Sao Paulo, Brazil. Whether a replacement can be sourced for this race weekend will now remain to be seen.