Tuesday, November 2, 2010

Singapore F1 stats

Attendance
2008 Total 100,000 Foreigners 50,000
2009 Total 70,000 Foreigners 20,000
2010 Total 80,000 Foreigners 40,000

Tourism Receipts
2008 S$180mn
2009 S$90mn
2010 S$93mn

Cost of F1 S$150mn per year
60% of bill foot by Sg Govt
40% by Ong Beng Seng
But 70% of revenue goes to OBS

ie "losses" for Sg Govt S$60mn per year
ie about S$2.5 per user to get 150mn F1 TV viewers globally to see Singapore

Should F1 continue after 2014, terms with OBS have to be revised.