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http://www.gpupdate.net/en/f1-news/258179/turkey-set-to-be-dropped/
The Turkish Grand Prix will be dropped from the FIA Formula One World Championship calendar next season, it is being reported. According to the Turkish media the event at Istanbul Park has been axed after F1 boss Bernie Ecclestone tried to double the fee to stage the race, raising it from $13 million to $26.
Murat Yalcintas, head of the Istanbul Chamber of Commerce, confirmed the dispute via Twitter.
"It looks like the Formula One race will not be held in Istanbul next year," he said. "Because it [the finance ministry] found this figure very high it looks like it will not make the payment. That is the reason the race is not happening."
Turkey, which will host the next round of this years championship and which will open the European season on May 8, first hosted an F1 event back in 2005. The current contract expires this season.