A Turkish businessman is seeking to secure a return to t💛he F1 calendar for the Turkish Grand Prix after purchasing the lease for the Istanbul Park circuit.

According to Autoweek, Vuꦑral Ak has secured an eleven-year lease on the circuit which hosted an F1 race from 2005 through to 2011 when it was then dropped from the calenda⛦r.

Ak, the chairman of Turkey's largest car rental company, is reported to have agreed a deal that will see him pay the circuit operator $9 million a year in rent and🧜 is eager to see the venue earn its pl🌠ace back on the F1 schedule.

"Mr Ecclestone is looking at a seven-year contract," Ak was quoted as telling the media on announcing the deal. "He told me he wanted $26 million to put on the race [in the first year], but said he was willing to make a little sacrifice from that figure. I will put in $5 million out of my own pocket - I am not thinking in terms of making a lot of money here. The government will contribute🧜 $13.5 million. Therefore we will be stuck somewhere in the middle.

"We are hoping to have a positive decision from Mr Ec🌃clestone next week. I have guaranteed him a minimum 50,000 spectators on race day, but I expect about 80,000.

"As well as Formula 1, we will use the circuit for a round of the DTM series, as in the past, and we are planning many other evenಞts, including a new Turkish series. We think motorsport events at Istanbul Park will bring tens of thousands of people."