http://www.zerotohundred.com/?attachment_id=20055
There doesn't seem to be any Turkish delight in the Formula One fraternity as Turkish newspaper Haberturk claims that the Turkish Grand Prix is looking like a no-go for next season. The reason behind it stems from Formula One supremo Bernie Ecclestone doubling the race fee from the current $13 million to $26 million, a price that the Turkish government isn't too keen on paying out on.
"It looks like the Formula One race won't be held in Istanbul next year," said Murat Yalcintas, the chief of Istanbul's chamber of commerce.
The paper goes on to claim that the decision to double the price has nothing to do with increased operations costs of Formula One but stems from the fact that Ecclestone is very keen on a Grand Prix in Moscow next year and has to drop a race from the calendar to include that in.
Nonetheless, Formula One or Ecclestone hasn't actually made any formal announcements regarding penetrating the Russian market or about the future of the Turkish Grand Prix for that matter.
In lieu of Ecclestone intending to expand the sport's market, making way into the Russian market would make perfect sense as currently the world's largest nation lacks some top notch motorsport presence.
Source: Bloomberg
There doesn't seem to be any Turkish delight in the Formula One fraternity as Turkish newspaper Haberturk claims that the Turkish Grand Prix is looking like a no-go for next season. The reason behind it stems from Formula One supremo Bernie Ecclestone doubling the race fee from the current $13 million to $26 million, a price that the Turkish government isn't too keen on paying out on.
"It looks like the Formula One race won't be held in Istanbul next year," said Murat Yalcintas, the chief of Istanbul's chamber of commerce.
The paper goes on to claim that the decision to double the price has nothing to do with increased operations costs of Formula One but stems from the fact that Ecclestone is very keen on a Grand Prix in Moscow next year and has to drop a race from the calendar to include that in.
Nonetheless, Formula One or Ecclestone hasn't actually made any formal announcements regarding penetrating the Russian market or about the future of the Turkish Grand Prix for that matter.
In lieu of Ecclestone intending to expand the sport's market, making way into the Russian market would make perfect sense as currently the world's largest nation lacks some top notch motorsport presence.
Source: Bloomberg
