Bernie Ecclestone

Ecclestone pleaded guilty to a criminal tax fraud charge for failing to tell British authorities about assets held in a Singapore.

Singapore has been hosting the F1 night race since 2008.

Investing in hospitality stocks could be like winning the race built by an old man.

"HMRC is on the side of honest taxpayers and we will take tough action wherever we suspect tax fraud."

SINGAPORE (Nov 23): After negotiating Singapore's current Formula One deal, Bernie Ecclestone said in 2012 the hardest thing was explaining to the authorities that "we don't race for free".

SINGAPORE (Nov 21): Formula One chief Bernie Ecclestone has clarified the comments he made to a German magazine, which fuelled speculation that Singapore may not be extending its contract to host the F1 Grand Prix race beyond 2017.

(Sept 8): John Malone’s Liberty Media Corp. agreed to buy the company that controls Formula One from private equity firm CVC Capital Partners for US$4.4 billion ($5.9 billion) in cash, stock and convertible debt, giving the US cable-TV entrepreneur owne

SINGAPORE (Sept 5): Barely two weeks to go before the Singapore Grand Prix, Formula One finds itself facing a more worrying predicament than even the mosquito-borne Zika virus that has struck the city-state.