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The brand new operator at Turkey’s Istanbul Park circuit, is aiming to convey F1 again to the monitor by 2026.
Broadcaster Haberturk reviews that Can Bilim Egitim Kurumlari A.S., which is an element owned by Lale Cander, the chairwoman of Pirelli’s Turkish operation, has gained the tender to function the monitor for the subsequent 30 years in a deal value $118m.
The circuit first hosted F1 in 2005, however was dropped from the schedule following the 2011 occasion on account of failure to agree a brand new deal. Whereas the organisers insisted the internet hosting price was too excessive, Bernie Ecclestone blamed their poor promotion of the occasion for its lack of profitability.
A subsequent transfer in 2013 to host a race in Tuzla fell by way of after the federal government refused to contribute the cash that might have secured the deal.
The circuit returned to the schedule in 2020 and 2021 when numerous tracks have been taken out of mothballs by Liberty Media in its desperation to place a worthwhile race calendar collectively however was subsequently dropped once more, though it stays a favorite of drivers and people followers watching on TV… the occasion having failed to draw the required kind of (dwell) attendance figures.
Nonetheless, President Tayyip Erdogan has made no secret of his want to have F1 return together with the World Rally Championship and final month met with (FIA president) Mohammed ben Sulayem to debate the chance.
In March, Tourism Minister, Mehmet Nuri Ersoy stated the operators tender would go to the bidder most capable of convey F1 again to Turkey by 2026, and the brand new operator has one month during which to safe a deal. Seemingly, for yearly from 2026 that the circuit doesn’t host a race the brand new operator must pay 25% of the internet hosting contract price to the administration.
Then again, the brand new operator has been given the all-clear to revamp the circuit’s facilities with procuring malls and leisure venues… a transfer, together with an evening time schedule, which may appeal to Liberty Media.
Certainly, Haberturk claims that representatives of the game’s house owners will go to Istanbul after Ramadan to examine the circuit.
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