By Ubaid Parkar, 7 December 2012
|© AP Photo/Thanassis Stavrakis
Turkey’s sports ministry has scrapped the notion of funding the country’s return to the Formula 1 calendar next year.
Organisers of the Turkish Grand Prix had agreed "in principle" with F1 boss Bernie Ecclestone to revive the event in 2013, but had clarified that the final decision rested with the government.
However, Turkey’s sports minister Suat Kilic said that there was nothing on the government's agenda about the return of F1 to the country, quashing the organisers hopes of raising the $13.5 million it sought to hold the Grand Prix.
"If it wishes, the private sector can and will bring Formula 1," he said. "But it is out of the question for us to pay the cost of the rights which has been proposed to a private company to bring Formula 1.”
Turkey joined the F1 calendar in 2005, but was dropped in 2012 following a disagreement with Ecclestone over the fee to stage the race.
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