Confusion about Singapore’s GP chances

Thu, 10 May 2007, 06:02

Singapore has returned to the formula one headlines, amid confusion about the prospects for a grand prix in the Asian island city-state.

After a story appeared in the local Straits Times newspaper, it was widely reported that the chances for a night race on a street circuit had diminished because the government and private organisers could not agree on how to fund the $70 million project.

But another publication, the newspaper Today, headlined almost concurrently that the race had actually taken a “step closer” to fruition with the registration last Thursday of a company called Singapore GP Pte Ltd.

The news, alongside reports that the value of the company is $20m, “is seen as a signal that the much-waited announcement on the high-profile event is imminent,” the newspaper said.

Some sources even suggest that an announcement about the race could come as early as this Sunday at the scene of the Spanish grand prix in Barcelona.

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