Istanbul Park under new management aims to return to Formula 1 in 2026

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April 3, 2024 08:34

The iconic Istanbul Park circuit, known for hosting nine Formula 1 Grands Prix between 2005 and 2021, is under new management and already has ambitious plans for the future. Can Bilim Egitim Kurumlari AS, partly managed by Lale Cander, who also presides over Pirelli’s tire operation in the country, took over the reins of the race track. Under the terms of its bid to operate the track, the company has committed to reaching a deal with Formula One Management to bring back a Formula 1 event to the venue from 2026.

The transaction, which secured a 30-year lease worth $117.8 million (approximately £93.6 million), marks a new chapter for the circuit, which is famous for its complex Turn 8, a sequence of four high-speed apexes that challenges riders and delights fans.

The return of Istanbul Park to the F1 calendar is eagerly awaited by both motorsport enthusiasts and industry professionals. The track is known for providing exciting racing, thanks to its challenging layout and the overtaking opportunities it offers.

Lale Cander expressed optimism about Formula 1’s renewed commitment to the circuit, highlighting the importance of bringing one of motorsport’s most prestigious events back to Turkey. “We are excited about the possibility of bringing Formula 1 back to Istanbul Park. This is a significant step for us and for Turkish motorsport, and we will work tirelessly to ensure the return is a resounding success,” said Cander.

Formula One Management has not yet officially commented on the negotiations, but the expectation is that the return of Istanbul Park to the calendar will contribute to the diversification and enrichment of the Formula 1 season, offering drivers and teams another technical and strategic challenge, in addition to to provide fans with another exciting stage in the world championship.

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The article is in Portuguese

Tags: Istanbul Park management aims return Formula

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