Turkish Grand Prix set to return to Formula One

ISTANBUL- Hürriyet Daily News

Hürriyet photo

The Turkish Grand Prix is likely to return to the Formula One calendar next year, the daily Hürriyet reported on its website yesterday.

The website quoted Vural Ak, the owner of the Intercity company, who bought the administration rights of the Istanbul Park circuit, as saying that “the only issue was money.”

However, the problem will be overcome with the Turkish government “likely to pay around $20 million,” a closer amount to $26 million asked by Formula One supremo Bernie Ecclestone.

Ecclestone has already said that the planned New Jersey race would not be held until 2014, and the gap in the calendar could be filled with the Istanbul GP.

The Turkish Grand Prix was held every year between 2005 and 2011.