Istanbul Park takeover announced 23 Apr 2007
A new company headed by Bernie Ecclestone has taken over the running of the Istanbul Park circuit, venue for the Turkish round of the FIA Formula One World Championship.
The newly-formed Istanbul Park Organizasyon (IPO), a subsidiary of Formula One Administration Ltd, has taken a 15-year lease on the circuit and has agreed to promote the Turkish Grand Prix, thereby securing the event for the foreseeable future.
This is without any doubt the best venue in the world, said Ecclestone. I am very proud of what has been built here and it opens the eyes of everybody around the world to what can be achieved in Turkey.
Istanbul Park joined the Formula One calendar in 2005 and the Hermann Tilke-designed circuit was instantly hailed a hit by fans and drivers alike, thanks to its superb facilities and challenging layout.
This years Turkish Grand Prix takes place on August 24-26. Look out for exclusive promotional ticket offers coming soon on Formula1.com.