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2005-06-06 10:37

Speculation had said the newly constructed, $70m Istanbul circuit was running late.

"I don't see any problems at all," F1's commercial rights holder told a news conference.

Ecclestone, 74, also denied reports that the F1 facility had blown out its budget and was being ripped off by the sport.

He smiled: "(Turkey has) got the best deal in Formula One. We didn't come here for the money, we came here to embrace Turkey into Europe."

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