Turkey not ruling out retaining GP

Turkish Grand Prix chiefs insist the door is not fully closed on sorting out a deal to secure the future of the race, despite a reluctance by the government to bankroll a big hike in fees

Turkey not ruling out retaining GP

Organisers of the Istanbul Park event have been told by the government that the $26.5 million (USD) fee proposed by Bernie Ecclestone - double what it costs up until now - is too much.

But although that prompted speculation that the race would be axed from next year's calendar, organisers expect talks to continue for several months yet to try and see if an agreement can be reached.

Murat Yalcintas, president of the Istanbul chamber of commerce, has told AUTOSPORT that no final decision has been made yet.

"This year will be a turning point in the future of the Turkish Grand Prix," he explained. "According to the results of these discussions, the Turkish GP may or may not continue.

"Both sides have not declared any official opinion yet. The only thing we can say is that Mr. Ecclestone insists on a deal of £26.5 million (USD) per year, and the Turkish government has not evaluated this proposal positively."

When asked in what timeframe he expected a decision to be made about the future of the event, Yalcintas said: "It is really impossible to give a certain date, because ultimately the F1 calendar has been announced at different dates in the past by FOA [Formula One Administration].

"But we estimate it will be officially declared between August and September of 2011. So, taking into account the current problems related to Bahrain, discussions may last until the end of this summer."

Yalcintas claimed that there were financial benefits from Turkey holding the F1 race, but said the country's economy was not dependent on it.

"Turkey has witnessed many global events in the last 30 years - and one of them is F1," he explained. "We are aware of the fact that achieving continuity in such global events is more important than adding new ones.

"Regarding local business, Formula 1 attracts most of the visitors from our neighbours, such as Greece, Bulgaria and other European countries. But it is difficult to say that there is an F1 economy."

shares
comments
Grapevine: Rosberg set for DTM car run
Previous article

Grapevine: Rosberg set for DTM car run

Next article

Turkey preview quotes: McLaren

Turkey preview quotes: McLaren
Load comments
Why Norris doesn’t expect Mr Nice Guy praise for much longer Plus

Why Norris doesn’t expect Mr Nice Guy praise for much longer

Earning praise from rivals has been a welcome sign that Lando Norris is becoming established among Formula 1's elite. But the McLaren driver is confident that his team's upward curve can put him in the mix to contend for titles in the future, when he's hoping the compliments will be replaced by being deemed an equal adversary

What Ferrari still needs to improve to return to F1 title contention Plus

What Ferrari still needs to improve to return to F1 title contention

After a disastrous 2020 in which it slumped to sixth in the F1 constructors' standings, Ferrari has rebounded strongly and is on course to finish third - despite regulations that forced it to carryover much of its forgettable SF1000 machine. Yet while it can be pleased with its improvement, there are still steps it must make if 2022 is to yield a return to winning ways

How F1 teams and personnel react in pressurised situations Plus

How F1 teams and personnel react in pressurised situations

OPINION: The pressure is firmly on Red Bull and Mercedes as Formula 1 2021 embarks on its final double-header. How the respective teams deal with that will be a crucial factor in deciding the outcome of the drivers' and constructors' championships, as Autosport's technical consultant and ex-McLaren F1 engineer explains

Formula 1
Dec 1, 2021
Why Ferrari is sure its long-term Leclerc investment will be vindicated Plus

Why Ferrari is sure its long-term Leclerc investment will be vindicated

Humble yet blisteringly quick, Charles Leclerc is the driver Ferrari sees as its next
 world champion, and a rightful heir to the greats of Ferrari’s past – even though, by the team’s own admission, he’s not the finished article yet. Here's why it is confident that the 24-year-old can be the man to end a drought stretching back to 2008

Formula 1
Nov 30, 2021
The downside to F1's show and tell proposal Plus

The downside to F1's show and tell proposal

Technology lies at the heart of the F1 story and it fascinates fans, which is why the commercial rights holder plans to compel teams to show more of their ‘secrets’. STUART CODLING fears this will encourage techno-quackery…

Formula 1
Nov 29, 2021
How getting sacked gave Mercedes F1’s tech wizard lasting benefits Plus

How getting sacked gave Mercedes F1’s tech wizard lasting benefits

He’s had a hand in world championship-winning Formula 1 cars for Benetton, Renault and Mercedes, and was also a cog in the Schumacher-Ferrari axis. Having recently ‘moved upstairs’ as Mercedes chief technical officer, James Allison tells STUART CODLING about his career path and why being axed by Benetton was one of the best things that ever happened to him

Formula 1
Nov 28, 2021
The remarkable qualities that propelled Kubica’s F1 comeback Plus

The remarkable qualities that propelled Kubica’s F1 comeback

It’s easy to look at
 Robert Kubica’s second Formula 1 career and feel a sense of sadness that he didn’t reach the heights for which he seemed destined. But as BEN ANDERSON discovered, performance and results are almost meaningless in this context – something more fundamental and incredible happened…

Formula 1
Nov 27, 2021
The humbling changes Ricciardo made to deliver the goods for McLaren  Plus

The humbling changes Ricciardo made to deliver the goods for McLaren 

From being lapped by his own team-mate in Monaco to winning at Monza, it’s been a tumultuous first season at McLaren for Daniel Ricciardo. But, as he tells STUART CODLING, there’s more to the story of his turnaround than having a lovely summer holiday during Formula 1's summer break...

Formula 1
Nov 26, 2021