News Details
Why is Formula 1 losing its sparkle in Asia?
Formula One supremo Bernie Ecclestone has cast doubt over the future of the sport in Southeast Asia by telling a German magazine that Singapore no longer wants to host a grand prix after its current deal expires next year. Neighbouring Malaysia will not host a Grand Prix after 2018 because of declining ticket sales and TV viewing figures, the country's Tourism and Culture Minister said on Monday, and the region could be left without a race for the first time since 1998. The Singapore race costs some S$150 million ($105.04 million) to put on every year, 60 percent of which is funded by the government. It was first staged in 2008 and the city-state renewed its contract for another five years...
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