Turkish Grand Prix Return Hits The Accelerator

Turkish Grand Prix
Adrian Sutil (GER) Force India F1 VJM03. Formula One World Championship, Rd 7, Turkish Grand Prix, Race, Istanbul Park, Turkey, Sunday 30 May 2010.
Turkish Grand Prix
Adrian Sutil (GER) Force India F1 VJM03. Formula One World Championship, Rd 7, Turkish Grand Prix, Race, Istanbul Park, Turkey, Sunday 30 May 2010.

Plans to revive the defunct Turkish Grand Prix at Istanbul have hit the accelerator.

A month ago, Tass news agency reported that FIA president Mohammed Ben Sulayem was in the country amid plans by local authorities to “hold a tender for the reconstruction and management of the Istanbul Park circuit”.

The local Hurriyet newspaper said one condition for the winning bidder “will include the mandatory annual organisation of the Formula 1 GP starting in 2026”.

“(Another) condition was put forward that the company that wins the tender will have to enter into an agreement with Formula 1 within one month.”

Haberturk, another major Turkish newspaper, says the tender process is now complete – with Pirelli’s Turkish subsidiary, Pirelli Otomobil Lastikleri AS emerging as the new circuit operator and future F1 promoter.

The report, mentioning a figure of $118 million for a 30-year rental period, says officials representing Liberty Media are slated to be in Istanbul shortly to “make statements”.

“Formula 1 is an extremely prestigious organisation,” said Pirelli Turkey chairperson Lale Cander. “It brings tremendous amounts of money to the country where it is held and increases the prestige of that country.

“The last time F1 was in Miami, $450 million was brought to the city in four days. There will be countries that will be removed from the race calendar in 2026, so races can be held again in Turkey,” she added.

Comments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in News

250530 Sfhp F1 R09 Spagna Ca R0915023 E47f5afb 8155 4d3f 9b20 0daac660dda8

Lewis Hamilton Asks Ferrari To Focus On 2026 Car

Lewis Hamilton thinks it may be time for Ferrari to ...
Arvid Lindblad

FIA Could Green-Light Arvid Lindblad For F1 Next Week

Arvid Lindblad could be on the Formula 1 grid soon. ...
2025 Spanish Grand Prix, Sunday - Toto Wolff (image courtesy Mercedes)

Angry Taxi Drivers Hit Back At Mercedes’ Toto Wolff

Italian taxi drivers have amusingly returned fire at Mercedes team ...
Was Crashgate A Real Thing? - Piquet Never Intended To 'Harm' Massa

Briatore ‘Never Spoke’ With Piquet About Crashgate

Flavio Briatore has reiterated his innocence some decade and a ...
F1 Grand Prix Of Abu Dhabi Practice

Verstappen Deserved FIA’s Spanish GP Slap – Marko

Dr Helmut Marko says Max Verstappen deserved to be penalised ...

Trending on F1 Chronicle