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 keeping with latest media experiences.
Türkiye made a comeback to the game in 2020 and 2021 after an absence of just about 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 capable of fund.
Türkiye has since aimed to carry it again, with President Recep Tayyip Erdogan assembly the top 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 entrant, as former operators Intercity didn’t bid and different anticipated bidders appeared to drag out, in keeping with the experiences.
Neither Can Bilim Eğitim Kurumları nor Intercity might be instantly reached for remark.
Tourism Minister Mehmet Nuri Ersoy mentioned final month that the tender can be awarded to the bidder who may carry the game again to Türkiye by 2026.
Istanbul Park had been common 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 carry F1 again to Türkiye, and for yearly from 2026 that the circuit doesn’t host a Grand Prix, the operators should pay 25% of the F1-hosting contract payment to the administration, in keeping with the tender circumstances.
The new operators can even be allowed to construct buying malls and leisure venues on the property below 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