The fact F1 has chosen the Singapore exchange for the sport’s high profile floatation does not mean the city-state’s popular floodlit street race is guaranteed.

The night event’s existing five year contract runs out this year, although a two-year notice clause in the deal means Singapore should stay on the calendar at least until 2014.

On the face of it, a new deal seemed a certainty, given it was Bernie Ecclestone himself who chose Singapore as the location for F1′s forthcoming floatation.

“Formula one is known in Singapore, and Asia is thriving. It is a simpler market and not as restrictive,” he said recently.

Talks about a new race deal “are underway”, the local Business Times reported in March, “but it is understood that one sticking point is the sanction fee.”

An unnamed banker commented: “The Singapore government wants formula one to be listed here and for that to happen, it knows the race has to remain here.

“But at the same time, it doesn’t want to pay top dollar again. So the bargaining should continue for some time.”

However, the English language newspaper now reports that F1′s floatation plans, and the expiring Singapore race contract, could be entirely unrelated.

“We are in the process of negotiating a possible renewal of the (race) agreement and the outcome will be announced once discussions are complete,” said a spokesman for race promoter Singapore GP.

Second minister for trade and industry S Iswaran insisted that the mooted floatation will not influence the outcome of the race contract negotiations.

And the Singapore tourism board’s Aw Kah Peng added: “You’ve got to see whether the deal is right in every way.

“We’re hoping everybody sees value in it and we get a so-called good deal for Singapore, in terms of whether all the numbers can work out and everybody takes home something — a kind of a win-win proposition.”

Anthony Hamilton has tempered his recent criticism of his son’s management team.
After Lewis Hamilton returned to the headlines for the wrong reasons after Singapore, his former manager and father said F1 drivers need a proper “driver-manager” rather than “people from a company”.

It was a jibe directed at Hamilton’s entertainment agent Simon Fuller, whose XIX company also handles the careers of Spice Girls Emma Bunton and Victoria Beckham, and singer and actor Jennifer Lopez.

Anthony Hamilton has now justified his criticism by admitting he is still “very passionate” about his son’s career even though he is no longer professionally involved.

“I spoke with Lewis during the week after the (Singapore) race,” he is quoted by the Independent.

“He told me that he’s happy with the job that his management and Simon Fuller are doing — and as long as Lewis is happy, then I’m happy.”

Hamilton now manages Force India driver Paul di Resta, as well as the reigning kart world champion Nyck de Vries.

F1′s engine makers are banding together against the FIA’s plans to introduce a radically new engine formula in 2013.

It was previously believed the bulk of the teams backed the plans for turbocharged 1.6 litre 4-cylinder engines, in accordance with a ‘greener’ image.

But the sport’s engine makers Ferrari, Mercedes, Renault and Cosworth have now come to the conclusion that Jean Todt’s plans will cost EUR100 million to develop, and are lobbying to be able to base the new formula on the existing V8 engines.

Cosworth has reportedly warned that it can develop 4-cylinder engines for EUR20 million but that the costs must be passed on to its small customer teams.

So the engine maker group wants the plans to be delayed until 2015, according to a report in Germany’s Auto Motor und Sport.

They believe the FIA’s ambitions can be achieved with the current engines, such as by restricting fuel flow and developing the KERS regulations further.

They met after the Singapore race and agreed that efforts should be made to retain the basic V8 layout beyond 2012.

But also despite some F1 purists’ fears about the benign sound the smaller engines will make, FIA president Todt is reportedly adamant the new formula one will be imposed on time.

One marque happy with the FIA’s plans, including the possibility of the new engines being deployed outside of F1, is Porsche.

The German sports car maker’s research and development chief Wolfgang Durheimer said its interest in entering F1 is “based on the ‘world engine’”.

“Of course, the rules have to be right,” he added.

As afternoon becomes evening in Singapore, the storm clouds are gathering above the city street circuit.

As the experience of the past week has shown, any significant rain from now until the race-start at 8pm is likely to guarantee a wet track for the grand prix.

“The track dries incredibly slowly,” observed Red Bull’s Mark Webber.  “It’s something I haven’t seen in my entire career.”

Until late afternoon on Sunday, the sun had been shining in the Asian city-state’s Marina Bay area.

But with three hours to go until race time, the skies have darkened, the wind is picking up, and there has been the odd drop of rain.

There is rain showing on the longer distance radar, but most paddock sources believe the race should be dry.

“If it does rain, the track will never dry out.  It takes so long,” agreed McLaren’s Lewis Hamilton.

Bernie Ecclestone says he would be happy if Singapore emulated the success of its night race with an unchanged format “for 20 years”.

The F1 chief executive expressed his delight with the sold out event in the Asian city-state late on Friday at the opening of a Hublot watch boutique near the Marina Bay venue.

According to the local Straits Times newspaper, Ecclestone wants the Singapore race to stay the same until 2030 “and then see what needs to be changed”.

The 79-year-old Briton said the race is a jewel in F1′s crown and “keeps getting polished”.

He did not mention two criticisms of the event.

After practice, having seen his friend Adrian Sutil’s Force India launched spectacularly, Lewis Hamilton slammed the re-profiled turn 10 chicane as “ridiculous” and “the worst corner I’ve ever driven in formula one”.

And reigning world champion Jenson Button pointed to track drainage as a problem, explaining that long after the rain had stopped, there was “a lot of water coming up through the circuit”.

As has become the trend in Singapore this week, it has been raining once again on Saturday afternoon, prior to the evening practice session on qualifying day.

The F1 circus is generally very happy with the event, however, despite Nico Rosberg arriving back at his Pan Pacific hotel at 2pm on Friday night to find the kitchen had stopped serving dinner.

The German told AFP news agency: “The atmosphere is incredible and the concept of a night race works really well once you get into the routine of staying on European time.”