The Istanbul Park circuit, as soon as the host of the Turkish Grand Prix, now has new operators decided to revive Formula One in Türkiye by 2026, in line with current media studies.
Türkiye made a comeback to the game in 2020 and 2021 after an absence of virtually ten years.
However, it dropped off the calendar from 2022 onward, partly due to the substantial monetary funding required to safe the contract, which rival venues like Qatar have been in a position to fund.
Türkiye has since aimed to deliver it again, with President Recep Tayyip Erdogan assembly the pinnacle of the governing physique FIA, Mohammed Ben Sulayem, in March to debate the return of each F1 and the World Rally Championship.
Can Bilim Eğitim Kurumları A.Ş., partly owned by Lale Cander, chairman of F1 tire supplier Pirelli’s Turkish department, received the tender to function the circuit for the following 30 years for about $117.8 million, broadcaster Haberturk and Motorsport.com’s Turkish channel reported on Tuesday.
It was the only real entrant, as former operators Intercity didn’t bid and different anticipated bidders appeared to tug out, in line with the studies.
Neither Can Bilim Eğitim Kurumları nor Intercity might be instantly reached for remark.
Tourism Minister Mehmet Nuri Ersoy mentioned final month that the tender could be awarded to the bidder who may deliver the game again to Türkiye by 2026.
Istanbul Park had been standard among the many drivers and noticed elevated attendance in 2020 and 2021 in comparison with the 2005-2011 run.
The new operators are tasked with reaching an settlement inside a month to deliver F1 again to Türkiye, and for yearly from 2026 that the circuit doesn’t host a Grand Prix, the operators must pay 25% of the F1-hosting contract payment to the administration, in line with the tender situations.
The new operators may even be allowed to construct buying malls and leisure venues on the property underneath the tender.
Habertürk reported {that a} delegation from F1 house owners Liberty Media would come to Istanbul following the present Muslim holy month of Ramadan to examine the circuit.
Source: www.dailysabah.com
