The tender held at the beginning of this month determined the future of the Formula 1 circuit Istanbul Park, whose contract with Intercity has expired. It was announced that the company that won the 30-year tender worth US$117 million was Can Holding, the umbrella company of institutions such as Doğa College and Bilgi University.

Today an important development took place regarding the future of Istanbul Park. According to journalist Emre Özpeynirci Can hold, decided to withdraw from the tender.

It is said that the tender will be cancelled

According to Özpeynirci’s post, Can Holding verbally announced its decision to withdraw, adding that it would issue a written statement soon. There is no information yet on what the tender will be, but will be cancelled It has been said. In other words, the future of Istanbul Park will once again be uncertain.

Normally the agreement would have transferred control of Istanbul Park to Can Holding for 30 years. from the company Bringing Formula 1 racing to Turkey by 2026 condition was also required. It was also indicated that facilities such as a shopping center and entertainment center would also be built. Details of the tender specifications of our content here you can achieve.

There is no information yet about why Can Holding decided to withdraw. We will inform you when it arrives.