Singapore to pull out of F1
Singapore does not want to host an annual Formula One Grand Prix anymore, F1 CEO Bernie Ecclestone told German magazine Auto Motor und Sport,
London: Singapore does not want to host an annual Formula One Grand Prix anymore, F1 CEO Bernie Ecclestone told German magazine Auto Motor und Sport, casting doubt on the future of Formula One in Southeast Asia as Malaysia is also considering pulling out.
Ecclestone's comments come amid a significant drop in attendance, with Singapore's race in September seeing an average of 73,000 spectators in each of the three days, down from 87,000 last year. The inaugural race in 2008 got more than 100,000 spectators daily.
Ticket sales have dropped in Malaysia as well, with TV viewership the lowest this year. Authorities and organisers of the Kuala Lumpur Grand Prix are considering halting the race after the contract ends in 2018.
"Look at what we have done for Singapore," Ecclestone was quoted as saying by Auto Motor und Sport. "Yes, the Grand Prix has cost Singapore a lot of money, but we've also given them a lot of money.