 The event was discontinued after 1973 and a variety of reasons have been suggested, including an increase in traffic, the very high danger and unsuitability of the track for racing, the inconvenience of having to close roads for the event and fatal accidents during the 1972 and 1973 races.Announced in 2008, an agreement for a five-year deal was signed by Singapore GP Pte Ltd, the Singapore Tourism Board and Bernie Ecclestone.In November 2007 it was announced that the telecommunications company Singtel would sponsor the event, and also they televised the show on Channel 5 called "SingTel Grid Girls".