Returning to Turkey in 2020 and 2021, Formula 1 determined the amount Turkey must pay to stay on the calendar. Accordingly, Turkey will have to pay $40 million a year to continue hosting Formula 1. This may mean that we won’t be seeing Formula 1 again anytime soon.
Considered as the pinnacle of motorsports and attracting millions of people around the world with every race, Formula 1 was also the guest of Turkey in the 2020 and 2021 seasons. Formula 1, which returned to Turkey after a long break, In both races, there were struggles with high viewing pleasure.garnered positive reviews.
Of course, the magnificent return of the missed track started Formula 1 fans’ wish for Turkey to stay on the calendar. However, according to the new information shared, the situation will unfortunately not be like this. Journalist Emre Özpeynirciexplained the reason why our wish will not come true in the article he shared today.
It is very difficult for Formula 1 to stay on the Turkish calendar.
According to the information conveyed by Emre Özpeynirci, Formula 1 management has decided that Turkey should be included in the 2022 calendar. He asked for an annual fee of $40 million.. This fee is included with the costs incurred in organizing the event. for a total of 48-50 million dollars was corresponding. The reason why this high wage has prevented Formula 1 from coming to Turkey is not the fact that it is high.
Formula 1 came to Turkey in 2020 and 2021 due to the withdrawal of countries that could not race due to the coronavirus from the calendar, that is, it filled the gap. In those years, the fee for the race was quite low and, as Özpeynirci reported, the entire fee was paid by the boss of Intercity, the operator of Istanbul Park. It was undertaken by Vural Ak without state support.. In other words, the lack of state support may prevent Formula 1 from coming to Turkey. Özpeynirci reminded that the state refused to pay 28 million dollars in 2011 and said that he did not think that it would offer any support, especially in today’s conditions.
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Formula 1 management puts prices in the range of 25 – 30 million dollars for countries with legendary Formula 1 tracks such as Italy, Monaco, Austria, Spain and Belgium. Countries like Qatar, Saudi Arabia and Bahrain pay $45-55 million annually. The $40 million fee offered to Turkey is currently paid by the United Arab Emirates and Hungary.
Source :
https://parakule.com/formula-1-icin-state-40-milyon-oder-mi-2701221244.html