The event went on to achieve a full sell-out for all of its tickets. Single-day passes went on sale a month later. Corporate hospitality suites and packages went on sale at the end November 2007, three-day passes to the public went on sale in February 2008. Īround 110,000 tickets were made available for the country's first Formula One race.
The race was co-funded by the Government of Singapore, footing 60% of the total bill, or S$90 million, out of a total tab of S$150 million. The official name of the event became the Formula 1 SingTel Singapore Grand Prix. In November 2007, it was announced that the telecommunications company Singtel would sponsor the event, and also they televised the show on Channel 5 called SingTel Grid Girls. Formula One Īnnounced in 2008, an agreement for a five-year deal was signed by Singapore GP Pte Ltd, the Singapore Tourism Board and Bernie Ecclestone.
The event was discontinued after 1973 and a variety of reasons have been suggested, including an increase in traffic, the very high danger and unsuitability of the track for racing, the inconvenience of having to close roads for the event and fatal accidents during the 19 races. It was renamed to the Singapore Grand Prix in 1966, shortly after Singapore became an sovereign country in 1965.
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