Singapore Grand Prix: business as usual?
Contractual negotiations’ are a regular feature of F1. The arrangements in place between Formula One Management (“FOM”) and the organisers of each Grand Prix, some of the largest deals within the sport, have particularly come into focus of late. The recent negotiation of the deal to host the Singapore Grand Prix neatly frames the issues at stake: rather like a long term supply contract, deals that were once attractive have become difficult to justify, especially at a venue such as Singapore which requires a full commitment from all interested parties, be they government, business or, crucially in the case of a street race, those whose lives will be disrupted by staging the event.
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About the Author
Charlie is a senior associate at Stevens & Bolton LLP and specialises in the sports, media and entertainment sectors. Charlie advises on a wide range of sporting issues and has particular experience in the motor racing and football industries.