24 Apr '11, 8pm

Doubts about Istanbul Formula 1 Grand Prix: ISTANBUL - The Turkish capital will not host a Formula 1 Grand Prix

ISTANBUL - The Turkish capital will not host a Formula 1 Grand Prix next year due to a disagreement between local officials and the sport's commercial supremo Bernie Ecclestone over payments to stage the race, it was reported on Friday. The Hurriyet daily quoted Murat Yalcintas, head of the Istanbul Chamber of Commerce, which backs the race in Turkey, as saying the government rejected a bid by Ecclestone to raise the payment to stage the race from US$13 million (S$16 million) to US$26 million. "Formula One 1 goodbye to Istanbul," said a headline in the Haberturk newspaper. Yalcintas commented on the situation on his Twitter account. "It looks like the Formula 1 race will not be held in Istanbul next year," he said. "Because it found this figure very high it looks like it (Finance Ministry) will not make the payment. That is the reason the race is not happening." Ecclestone...

Full article: http://www.todayonline.com/Sports/EDC110423-0000297/Doubt...

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