Turkish Minister for Youth and Sports Suat Kylyc said on Wednesday that Turkey refuses to host the F-1 Grand Prix, RIA Novosti reports.
Media said earlier that the races at Istanbulpark will not be held because F-1 owner Bernie Ecclestone increased the annual fee from $13.5 million to $26 million.
Istanbulpark was built by using German Tilke’s project (Germany) and is worth $230 million. Traffic on the track goes clockwise. The stadium is located on the outskirts of Istanbul near Sabikh Gekchen Airport on the Asian side of Bosphorus.
