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Sunday, May 08, 2011

F1 boss Bernie Ecclestone won't consider price cuts to keep Turkish Grand Prix

"F1 boss Bernie Ecclestone won't consider price cuts to keep Turkish Grand Prix

By Jerome Pugmire, The Associated Press – 4 hours ago

ISTANBUL — Formula One boss Bernie Ecclestone wants the Turkish Grand Prix to continue hosting races next year but is unlikely to do organizers any favours by slashing costs.

Speculation intensified that Turkey may not host a race next year after the head of Istanbul's Chamber of Commerce Murat Yalcintas — citing an increase in the fee to stage it — last month expressed reservations about bringing the sport back."

More:The Canadian Press: F1 boss Bernie Ecclestone won't consider price cuts to keep Turkish Grand Prix