Singapore Grand Prix promoter Colin Syn says the event is "very close" to concluding a new deal with Formula 1 for 2018 and beyond.

The Asian showcase event, held at the Marina Bay circuit, is marked as provisional on the 2018 F1 calendar, along with the China Grand Prix, but current talks appear to be on the verge of a satisfactory conclusion, according to Syn who was at the British GP last week to meet with F1's Chase Carey and Sean Bratches.

"It’s a work in progress," Syn told Motorsport.com.

"It’s a serious matter, so we’re being very careful. Everything we do has to be together. It’s very close, and we’re very hopeful. We can only hope!"

The Singapore Grand Prix was first held in 2008 and immediately enjoyed popular success. The event is in its final year of a five-year contract signed with Bernie Ecclestone.

Asked at Silverstone whether negotiations were centered around the duration of its future new deal, Syn said: "We're just looking at a good deal."

GALLERY: F1 drivers' wives and girlfriends

Keep up to date with all the F1 news via Facebook and Twitter

 

Michael Delaney

Recent Posts

Sebastian Montoya steps up to Formula 2 with Prema

Sebastian Montoya, the 19-year-old son of former Formula 1 star Juan Pablo Montoya, is set…

11 hours ago

Sauber finds its ‘Northern Star’ under Binotto’s leadership

When former Ferrari team principal Mattia Binotto took on the role of Chief Operating Officer…

12 hours ago

Leclerc hails a season ‘without missed opportunities' in 2024

Charles Leclerc concluded the 2024 F1 season with a sense of satisfaction, the Ferrari driver…

14 hours ago

Coulthard sounds alarm over FIA president’s rift with F1 drivers

Former Formula 1 driver David Coulthard has voiced his dismay at FIA president Mohammed Ben…

15 hours ago

The rapid rise and fall of Super Aguri in F1

Super Aguri's application to join Formula 1 became a reality on this day in 2005,…

16 hours ago

Ferrari's 2024 Season: Marked improvement and a fight to the finish

Ferrari roared back into contention in 2024 to deliver their strongest season in years, thanks…

17 hours ago