Bernie Ecclestone is hoping to find a solution that keeps the Turkish Grand Prix on the Formula One calendar…
Bernie Ecclestone is hoping to find a solution that keeps the Turkish Grand Prix on the Formula One calendar.
Last week, it emerged that the May 8 running of the Turkish GP could be the last for the foreseeable future as Ecclestone was seeking to almost double the price of staging the grand prix.
At present, Turkey pays $13 million to host the grand prix. Ecclestone, though, wants that increased to $26 million from 2012 onwards.
This prompted the head of the Istanbul Chamber of Commerce Murat Yalcintas to state that Turkey would no longer be a part of F1.
“It looks like the Formula One race will not be held in Istanbul next year,” he Tweeted.
He added that the reason is “because it (the government) found this figure very high, it looks like it will not make the payment. That is the reason the race is not happening.”
Ecclestone, though, is not giving up on brokering a new deal for Istanbul to remain on the calendar.
“The race brings a huge amount of people, trade and publicity to the city. I am a bit disappointed and I hope we can work out a deal,” he told the Daily Express.