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Turkish Grand Prix under treat

Turkey could be dropped from the Formula 1 calendar in 2012 if it cannot come to an agreement over increased race hosting fees.
The upcoming Turkish Grand Prix could prove to be the last after the Istanbul Chamber of Commerce declared the increased fees for hosting the race as 'very high'.

The grand prix, held at Istanbul Park, was introduced to the F1 calendar in 2005, but while the Hermann Tilke-designed circuit met favour with drivers, the event itself has struggled to attract significant numbers of spectators over the years.

With the current contract due to end after this year's race – to be held on 8th May - officials are currently negotiating a new deal. However, their plans have taken a significant blow after it was alleged the Istanbul Chamber of Commerce objected to race-hosting fees doubling to $26 million for 2012.

Though there has been no official word on whether the event will be dropped, Chamber of Commerce head Murat Yalçintas did take to Twitter to confirm that situation does not look promising.

"It looks like the Formula One race will not be held next year because it the figure is very high. It looks like we will not make the payment. That is why the race will not happen."



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Bryan G - Unregistered

April 22, 2011 4:20 PM

This would be a shame as of all the new 'synthetic' tracks this one is the best - especially for motorcycles. Another case of F1 pricing itself out of the market - there will be more like this.

Shrieker

April 22, 2011 6:04 PM

Greedy Mr. E. is doubling the fee from $13 million to 26, probably because India and Austin will be paying more. Such a shame... $13M every year is a healthy profit already. It could be negotiated for maybe a little bit more than that, but to $26M I would not agree as a taxpayer... Cause that's where the race hosting fee comes from: Taxpayers' pocket...



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