By 2026, the Istanbul circuit aims to bring in new operators and return to Formal 1. In 2020, the Turkish Grand Prix made a comeback to F1 but needed tens of millions of euros to secure a contract over rivals. Currently hoping to return with a new star.
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Istanbul Circuit making its return to F1
In 2005, the Turkish Grand Prix was added to the Formula 1 competition. This Grand Prix had a fall because of excessive costs and the race’s low profit margin at the time, which was extending until 2011.
It resumed in 2020, after the majority of the races were canceled due to COVID-19, and the Turkish Grand Prix was included in the rescheduled events. Compared to the 2005–2011 period, Istanbul Park had more attendance in 2020 and 2021, showing its popularity among drivers.
President Tayyip Erdogan has been hoping to bring the Turkish Grand Prix. Chairman of F1 tyre producer Pirelli’s Turkish business has won the contract for running the track for the next 30 years for around $117.8 million.
According to the contract requirements, the operators will be reaching a deal within a month for Formula One to return to Turkey, and if the track does not hold a Grand Prix starting in 2026, they will be required to pay the administration 25% of the F1-hosting contract cost. Additionally, the new owners will be permitted to construct retail centers and entertainment property under the contract.
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Fiza is a writer at The Sports Orbit, focusing on F1 coverage. She is currently pursuing her master’s in broadcasting journalism and has a profound love for motorsports. She finds F1 to be the most engaging among others due to its adrenaline rush. She got interested in the sport after watching an F1 race with her brother and uncle, and she’s been hooked ever since. Her favorite team is Mercedes and she is a fan of Lewis Hamilton. Besides her dedication to F1, she enjoys activities like reading, practicing her calligraphy skills, and experimenting with cooking.
