Istanbul official bristles at F1's fee

Updated: April 22, 2011, 10:09 AM ET
Associated Press

ANKARA, Turkey -- The head of Istanbul's Chamber of Commerce says Turkey may not host a Grand Prix next season due to the increased fee to stage the race.

Murat Yalcintas said on his Twitter account late Thursday that Formula One boss Bernie Ecclestone had doubled the asking fee from $13 million to $26 million.

Yalcintas says the Grand Prix's backers consider the fee too high, adding, "It looks like F1 will not take place in Istanbul next year."

On Friday, however, Milliyet newspaper quoted Yalcintas as saying a meeting with Ecclestone to discuss the issue would take place during next month's Istanbul Grand Prix.

Turkey joined the F1 calendar in 2005 but the race has suffered poor attendance due to high ticket prices and difficulty of access.


Copyright 2011 by The Associated Press