How Much Money Made in Formula 1 Turkish GP Announced

Intercity Chairman of the Board of Directors Vural Ak made some critical statements after the Turkish GP held last week. Claiming that 30 million dollars came into the state’s coffers with the race, Ak said that some federations and organizations such as TOSFED were very tired because of the obstacle they put in front of them, and therefore they would leave the track after 2 years.

With the addition of the Turkish GP to the F1 calendar for the last 2 years, F1 fans have regained this excitement after a 9-year hiatus. Despite being without an audience last year, the Turkish Grand Prix, which generated a large amount of advertising revenue, opened its doors to 190 thousand people this year and we witnessed incredible moments for a total of 3 days.

One week after the race, Vural Ak, Chairman of the Board of Intercity Istanbul Park, made statements about the Turkish GP taking a permanent place in the calendar. Ak said that they were very tired of many institutions such as TOSFED putting obstacles in their way, that they can leave the rink after 2 years expressed.

“Istanbul Park is a foundation property, if we had not rented it, it would have rotted or become an outlet mall”

As you know, governments usually organize Formula 1 races, but the situation is a little different for the Turkish Grand Prix. Intercity states that it is the only organization that takes responsibility for Formula 1 to be held in Turkey. Vural Ak, who wants this system to change, stated that they have been meeting with the Ministry of Tourism and Transport for a long time, the government’s positive outlook on the upcoming raceshad expressed.

Vural Ak stated that although the Turkish GP held last year was without spectators, 500 million dollars were earned only from advertisements. that $30 million in taxes entered the state coffers He claimed. Ak also underlined that everyone, including the Governorship of Istanbul, the Metropolitan Municipality and F1 pilots, was satisfied with this race, where there was no fanaticism.

Some organizations such as TOSFED that Intercity puts an obstacle in front of you The following statements were included in the continuation of Ak’s statements; “We rented Istanbul Park for 10 years in 2012. Our contract expires in 2023. If we can’t make the race permanently, we don’t plan to renew the contract. We paid 75 million dollars for rent and maintenance costs in 10 years. He couldn’t pay his rent even once. He started doing activities there for 300 days. We are working. We will leave after 2 years. Since we bought the track, it is in very good condition, asphalt and landscaping has been done. We renewed the stands, it does not require any expenses for 15 years. Istanbul Park is a foundation property, if we had not rented it, it would have rotted or become an outlet mall. We brought the race to Turkey for two years. But we are tired of being blocked from both TOSFED and many other places.”

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Vural AK, at the same time Stating that he is tired of paying for Formula 1 out of his pocket He also stated the following in his statement: “Formula 1 is a giant organization held in 22 countries. It is a strangely expensive show. The owner is also a company. They go to countries that pay the price they want. Turkey did not want to cover this cost for a long time. I did this crazy thing for two years without making any money, so that Turkey could win. I did, but I’m tired now.”


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