Formula 1 circuit located in Tuzla district of Istanbul from Istanbul Park Its future was a matter of great curiosity after the agreement with Intercity ended. In recent months it was announced that the tender for the facility would start on April 2.

That day came and the company that won the tender was announced. Can hold inside Can Bilim Educational Institutions Inc.was the company that won the tender. Only one company took part in the tender.

Can Holding would bring the races to Turkey in 2026 under a 30-year deal worth $117 million.

The tender announcement stated that the agreement would have a term of 30 years and a cost of 117 million 806 thousand dollars. The winning company is Can Holding, owner of Can Bilim Educational Institutions. Doğa College and Bilgi University Let us add that it is the umbrella company of education-oriented institutions such as. According to Motorsport.com, the company also has operations in many different areas, including hospitals, transportation, hotels and fuel.

The agreement transfers control of Istanbul Park to Can Holding for 30 years. The tender conditions shared in recent months stated that a Formula 1 guarantee would be needed. So the company F1 racing should be brought to Turkey in 2026. The explanation of this problem in the specification was as follows:

Statement about Formula 1 races in the specifications: