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Turkish Government Will Not Pay Ecclestone’s Price

Contributed by on April 22, 2011 at 7:06 pm

Turkish F1 (Image Courtesy Imago)

After seven years could this be the end ?

Unless the Turkish Government is able to re-structure it’s deal with Formula 1 (F1) boss Bernie Ecclestone, or come up with millions of more Euro’s, The Grand Prix of Turkey in Istanbul could come to an end.   According to Turkish media reports, no agreement could be reached regarding the financial agreement, and Accordingly, the government is not prepared to pay Formula 1 Boss Bernie Ecclestone double what they are now paying, and pay 26 million Euros to host the race in 2012.

Thus,  this year’s race on May 8th may be the last time being on the Bosporus. “Formula 1 Turkey says Goodbye” was the headline of the newspaper Haberturk.   Murat Yalcintas of the Economic Chamber of the country said: “The Treasury will not make such a payment that is the reason why the race next year will not happen..”

Bahrain F1 Race Cancelled Earlier This Year

Earlier this year the season opening race in Bahrain also had to be cancelled, although it was for political, not financial reasons.  The race was scheduled to take place on March 13th, but with widespread political demonstrations and protests the country felt it would be best to cancel the race.

In February, Shi’ite protesters had taken to the capital city of Manama and demanded political reform.

Massa so far the most successful driver in Istanbul

The Turkey Grand Prix was added to the calendar in 2005 (6 Years ago).  The premiere race at the Istanbul Park Circuit was won by Kimi Raikkonen who was driving for McLaren-Mercedes at the time. But the “Flying Finn” is not the only one who has fond memories of the track on the outskirts of Istanbul.   Ferrari driver Felipe Massa has won here three times already in three years in a row – 2006, 2007, and 2008.

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