Turkish Grand Prix Return Hits The Accelerator

Turkish Grand Prix
Turkish Grand Prix

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.

Want to save this information for later?


Notify of
Inline Feedbacks
View all comments

More in News

Fernando Alonso

Aston Martin’s Team Principal On Alonso And Stroll

Mike Krack, principal of Aston Martin in Formula 1, shared ...
Carlos Sainz

No Easy Day Ahead For Carlos Sainz At China

Perhaps it's only fair to say that as far as ...
Lewis Hamilton

Is The Chinese Grand Prix Another Complicated Battle For Lewis Hamilton?

Most of us who happen to follow Formula 1 regularly, ...
SHANGHAI, CHINA - APRIL 20: Pole position qualifier Max Verstappen of the Netherlands and Oracle Red Bull Racing and Second placed qualifier Sergio Perez of Mexico and Oracle Red Bull Racing celebrate in parc ferme after qualifying ahead of the F1 Grand Prix of China at Shanghai International Circuit on April 20, 2024 in Shanghai, China. (Photo by Mark Thompson/Getty Images) // Getty Images / Red Bull Content Pool // SI202404200271 // Usage for editorial use only //

Perfect Day For Max Verstappen In Shanghai

It was a perfect day at the 2024 Chinese Grand ...
Sprint Podium Overshadowed By Qualifying Disaster For Lewis Hamilton

Sprint Podium Overshadowed By Qualifying Disaster For Lewis Hamilton

The Mercedes team suffered from mixed fortunes on Saturday at ...

Trending on F1 Chronicle