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**brorwargy** · 04-22-2011, 02:49 PM

Istanbul will not host a Formula One Grand Prix in 2012 due to a disagreement between Turkish officials and F1 commercial supremo Bernie Ecclestone over payments to stage the race, Turkish media 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 to $26 million from $13 million. http://uk.reuters.com/article/2011/0...73L01920110422

04-22-2011, 02:49 PM	#1
brorwargy Join Date Oct 2005 Posts 457 Senior Member	No Turkish Grand Prix in 2012 Istanbul will not host a Formula One Grand Prix in 2012 due to a disagreement between Turkish officials and F1 commercial supremo Bernie Ecclestone over payments to stage the race, Turkish media 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 to $26 million from $13 million. http://uk.reuters.com/article/2011/0...73L01920110422
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