ISTANBUL: The Turkish Formula One Grand Prix faces the axe next year due to a disagreement with Bernie Ecclestone over payments for the race, said the head of the Istanbul Chamber of Commerce. “It looks like the Formula One race will not be held in Istanbul next year,” said Murat Yalcintas. The Hurriyet daily quoted Yalcintas as saying the government had rejected a bid by Ecclestone to double the payment to stage the race to $26 million from $13 million.
Published in The Express Tribune, April 23rd, 2011.
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