Sports Hub

2022 - 6 - 11

Timeline: Events leading up to the Government's takeover of ... (CNA)

SINGAPORE: Government agency Sport Singapore (SportSG) will take over the ownership and management of the Singapore Sports Hub from Dec 9, with authorities ...

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As Govt takes over ownership of Sports Hub, users wish for more ... (TODAY)

SINGAPORE — A flea market for sports wares, a velodrome and more community events, rather than the occasional Justin Bieber concert or major sporting game.

“Let Singaporeans experience the stadium and the field. The cost was a large amount for him since he only charged his participants a nominal sum to attend his events, he said. If that happens, the sporting great whose wish list includes a velodrome for track cycling said: “The whole area will be transformed. “I’m not making any money from these, HolyCrit is a non-profit organisation,” he said. Sport Singapore (SportSG) on Friday said that it and commercial entity SportsHub Pte Ltd have mutually agreed to terminate their public-private partnership. This is what frequent users of the Singapore Sports Hub and members of the local sports fraternity would like to see at the Kallang facility, after the Government announced on Friday (June 10) that it would take over full ownership of the sprawling 35ha complex to “unlock” its “full potential for Singapore”.

Sport S'pore to take over & manage Sports Hub on Dec. 9, 2022 (Mothership.sg)

Sport Singapore (SportSG) will be taking over the ownership and management of the Singapore Sports Hub from SportsHub Pte Ltd (SHPL) on Dec. 9, 2022. This was ...

SportSG will look into integrating the Sports Hub with other upcoming facilities in the precinct such as the Kallang Football Hub -- to be ready by 2022, Kallang Tennis Centre -- to be ready by 2023, and Youth Hub to provide events and programmes to Singaporeans. The cost of terminating the PPP arrangement and taking over the operations of the Sports Hub is estimated to be comparable to the cost of continuing with the PPP arrangement till 2035, the date of the PPP's expiry. SportSG and SHPL will ensure that the handover in the coming six months will not affect the day-to-day operations and programming of the Sports Hub. The terms of the project agreement allowed for SportSG to decide if and when the project should be terminated and for the latter to take over the ownership and management of the Sports Hub. The cost of this project was borne by SHPL, and SportSG has paid an annual fee from 2014 to finance the debt and the operations of the Sports Hub. Sport Singapore (SportSG) will be taking over the ownership and management of the Singapore Sports Hub from SportsHub Pte Ltd (SHPL) on Dec. 9, 2022.

The highs and lows of the Sports Hub (The Business Times)

The Sports Hub - Singapore's largest public-private-partnership project - will be owned and managed by government agency Sport Singapore from Dec 9 this ...

SportSG to take over ownership and management of Singapore ... (SportBusiness)

National sports agency Sport Singapore (SportSG) is to assume full ownership of the Singapore Sports Hub recreation district after terminating its ...

SportSG to take over ownership and management of Sports Hub ... (The Straits Times)

The Singapore Indoor Stadium, which was built in 1990, was also absorbed as part of the Sports Hub. The SHPL is a private consortium comprising three equity ...

SportSG and SHPL also vowed in a statement that they would ensure a smooth handover. China, for example, in 2018 beat Singapore to hosting rights for the tennis WTA Finals. Indonesia has expressed its interest to host football's World Cup. "We intend to retain the expertise and experience of SHPL employees, who will be given the opportunity to transit to the new corporate entity," it said. The PPP was to have run from 2010 to 2035. In addition, SportSG will take over all future operating costs. He explained that there was "a confluence of factors" for the decision and ultimately the aim was to "unlock the full potential for Singapore". He added that it will allow the country to "keep up with the times and competitive landscape as well as the new needs of the nation".

Sports Hub to come under SportSG from Dec 9 after stat board ... (The Business Times)

SPORT Singapore (SportSG) will take over the ownership and management of the Singapore Sports Hub from Dec 9, and in doing so, it has initiated the ...

Sports Hub takeover: Mismatched goals likely doomed public ... (TODAY)

SINGAPORE — The different visions and targets held by the public and private parties in managing the Singapore Sports Hub likely doomed the partnership from ...

“Is the plan to turn the Singapore Sports Hub into yet another giant community club? That will be something the team has to decide.” “If this is the model, of course consumers will celebrate. The celebration is only for those buying the tickets. “This operating cost will change according to the new social objective. The taxpayers will be paying (to upkeep the venue),” Mr Oon added. Prof Loh said that the operating costs in the future will likely be significantly higher than what SHPL is footing now, because the operations of Sports Hub in future will be more for the “social good” compared to the model now. “In this case, it can be argued from a public policy perspective that the Government views the Singapore Sports Hub as public goods, such that it has to be accessible to as many levels of people in society.” Prof Sumit said that for the Singapore Sports Hub to attract people to its premises, it would need to “make it free or reduce prices” of events. “The problem is not the public-private partnership model in this case, but it is the subject matter of the partnership, which is sports. “The problem is not the public-private partnership model in this case, but it is the subject matter of the partnership, which is sports.Professor Lawrence Loh, director at the Centre for Governance and Sustainability at NUS Business School” Mr Jose Raymond, a former senior director of the Singapore Sports Hub, said that in order for the public-private partnership to work, there has to be an alignment of ideals.

SportSG takeover: Institutional knowledge key for new entity in ... (The Straits Times)

Singaporeans will need to manage the 'complex' multi-purpose facility after it is handed over on Dec 9. Read more at straitstimes.com.

The project was announced in 2019 and these major plans tie in with the Government's wider Vision 2030 blueprint to "live better through sport" by means of an inclusive and holistic approach at both the community and elite level. "There are a lot of areas to think about in the transition but principally it's about SportSG having an expertise in areas which they have some (already)... but will need further of." "There's the factor that some events are planned, and some recurring agreements that are in place that need to be looked at and honoured going forward..." Said the source: "In the early years, there was a more urgent need for expertise from abroad. Former SHPL chief Oon Jin Teik, who left the post in 2019, said this was crucial given the complexity of running of the multi-purpose facility. "This (SPV) is a practical solution for a far more challenging venture than what was first envisioned," said Mr Song. "In the medium-to-long run, with the vision of redevelopment of the (Kallang) region and as the area is further developed, I suspect the SPV will grow to have much more staff."

Govt to turn Sports Hub into 'sporting home for all', develop S ... (Mothership.sg)

Sport Singapore (SportSG) announced on June 10 the termination of its project agreement with Sports Hub Pte Ltd (SHPL) and its upcoming takeover of the ...

"It's a role that Sports Hub can play as part of several things to promote Singapore school sports… Tong previously acknowledged that the Sports Hub "can play a bigger role and can be a lot more a part of an iconic sports experience" for Singaporeans, ST reported. More importantly though, Tong wishes for the Sports Hub to become a "sporting home for all to enjoy". The government's takeover of the Sports Hub will also allow better integration of the hub with the upcoming Kallang Alive facilities, such as the Kallang Football Hub, Kallang Tennis Centre, the Youth Hub and a Velodrome. To achieve these, he intends for the Sports Hub to bring in school events and community sport programs, and to simply be open to the everyday Singaporean, be it a "casual jogger or stroller to exercise at the stadium tracks in the evenings." He explained that the Sports Hub is an "iconic national sporting asset", and the "Home of Singapore Sport".

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