Bulgaria Might Push Turkey and Hungary Out of F1

There's a lot of talk surronding the desire of the Bulgarian government (and not only) that the country could host a Grand Prix event, but much to little action towards that end. The latest development in this long and complicated story is the rumor that a Bulgarian GP might replace two other.

According to Bulgarian news agency Novinite, the same Arab investors who denied being interested in helping Bulgaria build the track are now saying the circuit there and a race on it might replace the Istanbul Park and Hungaroring races in Turkey and Hungary, respectively.

"If there is formula one grand prix in Sofia, there won't be races on Istanbul Park and Hungaroring. We will be the only grand prix in eastern Europe," the group of alleged Arab investors was quoted as saying by the news agency.

Back in August, the same Novinite source claimed that the Emirates Associated Business Group, an Abu Dhabi-owned company will be pumping money into the project of the Bulgarian Economy ministry, who in turn will provide the land required to build the circuit.

That piece of news was dismissed by the group, who said through its CEO, Raid Abu Hudra, that the unprofessional manner in which the Bulgarian party treated the negotiations means there will be no Arab money for the circuit.

The Bulgarian F1 circuit has been around in the form of a rumor since September last year, but plans were scrapped two months later, when the budget for the track was found to zero.