Chinese Grand Prix set to extend stay
A new deal has been agreed in principle by key F1 officials to keep the Chinese Grand Prix in the Formula One calendar. The sport, now under new and ambitious owners has released their 2018 schedules. It listed Shanghai and Singapore as provisional arrangements. This move led to the speculation that those races might be booted off the roster. The current deal for the Chinese Grand Prix is due to finish at the end of the year. The first Shanghai International Circuit was in 2004.
Sean Bratches, Managing Director of F1 Commercial Operations told AFP, in Shanghai, ”We’ve been working hard with Juss Event, the promoter, and we’ve got an agreement in principle. My suspicion is that it will be executed by the end of next month, fully executed.” He hopes that F1 in the Asian region will become more fan and sponsor-friendly.