Ecclestone brings Turkish delight

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Ecclestone has taken control of management rights for the Istanbul Park circuit.

Explaining his decision, he said: "F1 needs to be in this part of the world. I am very proud of what has been built here in Turkey."

He added: "This is not a profitable investment for me. It is honestly the worst deal I have ever been in.

"So if you ask why we are still in, I would say that Istanbul Park is the best race track in the world, that I believed in Istanbul and that it would bring advantages in the long term.

"It is like going to China. Everyone thought I was stark-raving mad to take F1 to China, but we needed to be there and that is also the case for Turkey."