F1 »

Businessman eager Turkish GP return

A Turkish businessman seeks to secure a return for F1 after taking control of the Istanbul Park circuit
A Turkish businessman is seeking to secure a return to the F1 calendar for the Turkish Grand Prix after purchasing the lease for the Istanbul Park circuit.

According to Autoweek, Vural Ak has secured an eleven-year lease on the circuit which hosted an F1 race from 2005 through to 2011 when it was then dropped from the calendar.

Ak, the chairman of Turkey's largest car rental company, is reported to have agreed a deal that will see him pay the circuit operator $9 million a year in rent and is eager to see the venue earn its place back on the F1 schedule.

“Mr Ecclestone is looking at a seven-year contract," Ak was quoted as telling the media on announcing the deal. "He told me he wanted $26 million to put on the race [in the first year], but said he was willing to make a little sacrifice from that figure. I will put in $5 million out of my own pocket – I am not thinking in terms of making a lot of money here. The government will contribute $13.5 million. Therefore we will be stuck somewhere in the middle.

“We are hoping to have a positive decision from Mr Ecclestone next week. I have guaranteed him a minimum 50,000 spectators on race day, but I expect about 80,000.

“As well as Formula 1, we will use the circuit for a round of the DTM series, as in the past, and we are planning many other events, including a new Turkish series. We think motorsport events at Istanbul Park will bring tens of thousands of people.”

Related Pictures

Click on relevant pic to enlarge
08.05.2011- Race, start
08.05.2011- Race, Start, Nick Heidfeld (GER) Lotus Renault GP R31  and Felipe Massa (BRA), Scuderia Ferrari, F-150 Italia
08.05.2011- Race, start
28.07.2016 - Red Bull Racing RB12, detail
28.07.2016 - Toro Rosso steering wheel
28.07.2016 - Peter Sauber (SUI), Sauber F1 Team steering wheel
28.07.2016 - Renault steering wheel
28.07.2016 - Red Bull steering wheel
28.07.2016 - Sebastian Vettel (GER) Scuderia Ferrari SF16-H
28.07.2016 - Pascal Wehrlein (GER) Manor Racing MRT05
28.07.2016 - Felipe Nasr (BRA) Sauber C34
28.07.2016 - Daniil Kvyat (RUS) Scuderia Toro Rosso STR11
28.07.2016 - Scuderia Ferrari SF16-H, detail
28.07.2016 - Red Bull Racing RB12, detail
28.07.2016 - Williams FW38 steering wheel
28.07.2016 - Stoffel Vandoorne (BEL) McLaren Test and Reserve Driver
28.07.2016 - Mercedes steering wheel
28.07.2016 - McLaren Honda MP4-31 steering wheel

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


December 03, 2012 2:16 PM
Last Edited 441 days ago

Jackbee, To be perfectly honest, I don't know how such a large complex could be any closer to Istanbul. Site selection/location is actually one of 'pros' of Istanbul Park, it's just under an hour's ride even with my 125cc commuter ( I do reside in the Asian side however). Relative poor attendance have always been about ticket prices here. They've been cheaper than all European venues, but the Turkish working class simply does not make nearly as much as their European counterparts. At the last race, the tickets were really affordable (35 euros for general admittance IIRC) and the grass area round turn 3 where I was at was more than 80 percent full. Attendance at race day was probably around 50k. I think it should be more than that though.

© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.