A Turki🐻sh businessman is seeking to secure a return to the F1 calendar for the Turki🦋sh Grand Prix after purchasing the lease for the Istanbul Park circuit.

According to Autoweek, Vural Ak has secured an eleven-year lease on the circuit which hosted an F1 race from 2005 thr💟ough to 2011 when it was then d🍰ropped from the calendar.

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 place 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 ar🥀e hoping to have a positive decision from Mr Ecclestone next week. I have guaranteed him a minimum 50,000 spectato💞rs 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 events, including a new Turkish series. We think motorsport events at Istanbul Park will bring tens of thousands of people."