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

B96c23b06a3699c66d5712be8132a513

McLaren to Review Oscar Piastri’s “Very Harsh” Penalty from British GP with Stewards

McLaren has announced it will conduct further assessments of Oscar ...
Large 2025 Chinese Grand Prix Friday

Sauber Team Principal Jonathan Wheatley Hails Nico Hulkenberg’s “Most Overdue Podium in F1 History” at British GP

Sauber Team Principal Jonathan Wheatley has praised Nico Hulkenberg’s remarkable ...
F1 Grand Prix Of Great Britain

McLaren Go 1-2 At Home, Hulkenberg Claims Maiden F1 Podium In A Silverstone Classic

After a 17 year wait, McLaren has won its home ...
F1 Grand Prix Of Great Britain Qualifying

Max Verstappen Claims Stunning Silverstone Pole

Max Verstappen will start the British Grand Prix from pole ...
F1 Grand Prix Of Great Britain Practice

Gene Haas ‘Not Interested’ In Selling F1 Team

Haas F1 Team's low-profile owner, Gene Haas, "isn't interested" in ...

Trending on F1 Chronicle