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Singapore to host F1 World Championship until 2021

Formula One Preview: Singapore Grand Prix 2017 (15th September - 17th September)

"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 motorsport series came under new ownership this year when the USA sports and entertainment firm Liberty Media bought out investment fund CVC Capital Partners, and Carey ended Bernie Ecclestone's reign lasting almost 40 years.

Aside from the data experiment, which is aimed at enhancing the human ability to make better decisions, aerodynamic designs and the relationship between software efficiency and a car's cooling systems are some of F1's other technological advancements, Rhodes said.

"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". It is truly a unique opportunity for us to reach out to new fans around the world, ” said Carey. The Formula One Group have agreed a deal with French television channel TF1 to show four full races exclusively free-to-air, with the rest of the 2018 season continuing as highlights. But Asia in general is tremendously important.

In the past, F1 has been criticised for striking one sided deals heavily in their favour with local race promoters not getting enough out of the millions of dollars they cough up as hosting fees.

“We have big plans for Formula 1.

"We're proud of the race, we have a good relationship and our goal is to get to a place where we build on that partnership long-term".