Istanbul Park to disappear from the calendar next year

HammydiRestarules

Di Resta fan :).
Contributor
This really does suck because out of all the modern tracks this one was the best by miles. Turn 8 is legendary and one of the best corners in the world. :(. I'll certainly miss this race.
 

F1Yorkshire

Avatar for sale to the highest bidder
Contributor
Well nothings certain yet so you never know.

Where is the extra funding going to come from? Turkey may be a popular for us armchair fans and the drivers but there are not enough actual paying spectators at the track will not cover the cost needed.
 

FB

Not my cup of cake
Valued Member
Bernie charges the race organisers a fee for bringing his circus to town. The only money the event can recover is from the admission prices, hospitality suites, concessions etc but Bernie also controls the number of tickets the circuits can sell. Very simply virtually every, if not all, F1 race is loss making for the organisers so they have to subsidise it with state funding or with other events they run at the circuit.

As to the cost, as other countries bid for races so it ups the ante for those who already have a race. Capitalism in action.
 

Brogan

Legend
Staff Member
Turkey may be a popular for us armchair fans and the drivers but there are not enough actual paying spectators at the track will not cover the cost needed.
In 2010 there were just under 4,500 more spectators than Spa.

I said it years ago but the circuit should have been built in the south of Turkey where all the holiday makers and rich Turks who live in Istanbul go for the summer.
 

sportsman

Sidecar racers have the biggest cojones
Contributor
Bernie charges the race organisers a fee for bringing his circus to town. The only money the event can recover is from the admission prices, hospitality suites, concessions etc but Bernie also controls the number of tickets the circuits can sell. Very simply virtually every, if not all, F1 race is loss making for the organisers so they have to subsidise it with state funding or with other events they run at the circuit..
http://www.dailymail.co.uk/money/article-1379882/Hospitality-sales-Formula-1-red-again.html
Formula 1's corporate hospitality operation Beta Holdings saw pre-tax losses treble to $5.2 million (£3.15 million), according to accounts for 2010.
Despite the addition of new races in Canada and South Korea, revenues stalled as sponsors cut spending on corporate hospitality. F1 is majority owned by private equity firm CVC and the accounts reveal that it has racked up a combined $200 million loss since it was acquired in 2006.
Beta Holdings' turnover last year nudged up by just $3.2 million to $153.5 million, but this was not enough to compensate for a 3.3 per cent rise in costs.
 

FB

Not my cup of cake
Valued Member
So it's just the shmo's coming in the turnstiles and sitting in the grandstands then? No wonder no one can make any money...
 

LifeW12

Podium Finisher
Is GP2 the only other series that has raced at Istanbul Park?

DTM and WTCC also raced there but only once

Its such a shame that such a great circuit was built in the wrong location because it is Tilke's best effort to date and the locals don't seem to care about it. Should have been built in South Africa or the USA
 

MCLS

Anti F1 fan
Valued Member
It'd probably be cheaper to dig up Instanbul Park and superglue it somewhere else like Austria.
 

Il_leone

World Champion
Bernie has already promised Russia to have a race and is trying fit Qatar down the line

and 20 races this year is probably too much so one or two has to drop

Even the Spanish GP at Barcelona is under threat as is German GP

Its mainly the European tracks because the whole of Europe is suffering from the global recession still and they've admitted they are not going to pay just to make Bernie rich using tax payers money
 
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