You don't know what you are talking about. There is a 5-year contract that will be up for review. Both parties have the right to decide whether or not to renew it.Originally posted by Kuali Baba:You notice that in the history of the sport it's the FIA and not the organisers that wields the axe, don't you? What makes you so smug to think we'll be able to make the first move when everyone else is trying to revive, save or bid for their Grand Prix?
Once you can explain the reason for that trend you'll realise that it's more than just about $$$.![]()
Originally posted by oxford mushroom:You don't know what you are talking about. There is a 5-year contract that will be up for review. Both parties have the right to decide whether or not to renew it.
It is the pragmatism of Singaporeans that accounts for our success and prosperity. If the F1 succeeds and continues to generate revenue for us, that's great. I will support keeping a cash cow...who wouldn't? But watch my words, if it starts losing money, it won't be just me that will be baying for blood. As for a permanent race track, you can dream on, unless a private company is prepared to take the commercial risk. If that happens, I have no issue. We will benefit from taxation.
Read the contract. There are termination clauses in all legal contracts and you can only act in accordance to the terms and conditions. Looks like I know more of the law than you do.Originally posted by Kuali Baba:On the contrary, I do know what I'm talking about, whereas you are talking to the wrong chap about the possibility of a permanent track set-up.
Kindly read up about how Jerez, Austria and Belgium had their deals terminated unilaterally by the FIA before they were up for renewal. You have not a single clue on the emotive factors, workings and attractions of this sport and thus why countries hanker to host the circus.
I guess you thought the government agencies were smarter than all these "dumb" Europeans. No, everyone knows what it's all about. But hey, Bernie's already said they're "a bit of a pain". If you want to, pray that they do something uncalled for, and there'll be no more race. Then you can celebrate all you want, at least if you don't acquire a passion for anything or realise what we lose before then.
Dream on?Originally posted by oxford mushroom:You don't know what you are talking about. There is a 5-year contract that will be up for review. Both parties have the right to decide whether or not to renew it.
It is the pragmatism of Singaporeans that accounts for our success and prosperity. If the F1 succeeds and continues to generate revenue for us, that's great. I will support keeping a cash cow...who wouldn't? But watch my words, if it starts losing money, it won't be just me that will be baying for blood. As for a permanent race track, you can dream on, unless a private company is prepared to take the commercial risk. If that happens, I have no issue. We will benefit from taxation.
Originally posted by oxford mushroom:Read the contract. There are termination clauses in all legal contracts and you can only act in accordance to the terms and conditions. Looks like I know more of the law than you do.
We'll see. I am not a fan of motorsports but I do know how not to waste money on fruitless hobbies that do not benefit the economy. I have said many times the F1 should be a stree race and I am saying there is no evdience for a permanent track for other races will be beneficial to the economy. Your posts only serve to remind us that not only are you a brainless idiot you are also illiterate and unable to understand my posts. The less replies from you would be better.Originally posted by rojak12:Dream on?
Commercial risk?
"We" benefit from taxation?
I think you are not involved in local motorsports at all.
The permanent track in discussion is NOT for F1. It will be a huge mistake to do that. That is why the street circuit is the right way to do it.
I think you are a complete novice in motorsports and motorsports industries.
It is a pain reading your post. I shall not reply to your post on this topic.
I WILL POST again when the government ask for RFP/Tender on the permanent track. Then I know you will blah blah blah..things like "I support if this and that, I am against if this and that...."
Let's see how you response to this post, if you can COMPREHEND. hahahaha!
And I am telling you Singapore government does not bow to anyone. It is always our economic interests that is paramount.Originally posted by Kuali Baba:Hogwash. You have zero access to that confidential agreement. I'm telling you what the FIA can do based on anecdotes. Don't be so cocksure that the whole world appreciates and operates on our terms.
And thus they should not expect anyone to bend over his back for them either. Bernie has no lack of countries bidding to host a race and it'll be our loss, not anyone else's. One has to be thick or numb to argue otherwise.Originally posted by oxford mushroom:And I am telling you Singapore government does not bow to anyone. It is always our economic interests that is paramount.
Ecclestone added after his comment that he prefers to work on a basis of trust for certain issues and the officials were just too meticulous for his liking. What Iswaran implied (to me) was that they understood what both parties basically wanted. I don't expect the arrangements to be really different to those that the other Grand Prix organisers signed, though 5 years is a tad short.Originally posted by footprints:Kuali baba, Bernie said that 'they're a bit of a pain' and the statement by our minister said that at the end of the day, bernie is a businessman and he is willing to cut a deal. What is your take on this? Did we manage a good bargain?