What Mundo Deportivo is promoting is now official: Madrid will have the Formula 1 Grand Prix the contract starts from 2026 and lasts until 2035 and will be called the Spanish GP. The official announcement was made at a massive event at IFEMA with the presence of Stefano Domenicali, CEO of Formula 1, as well as Isabel Ayuso, president of the Community of Madrid and José Luis Martínez-Almeida. The mayor promoted this official in an interview with ‘Espejo Público’, on Antena 3,
It will be “an exceptionally interesting urban circuit, far from the traditional concept of ad hoc Formula One circuits, which is almost in the city, less than ten minutes from the Airport” and where “90% of the spectators can reach. public transportation,” he said. Almeida.
“There is no investment of public money, there is public promotion through Ifema, but there will be a private organizer who will assume the risks to avoid the risks seen. All financing is private,” guaranteed the councilor.
Almeida, who described the landing of Formula One in Madrid as “a victory as a society” and “a recognition of the moment that Madrid is experiencing”, also announced that there will be representatives of the Higher Sports Council (CSD).
It calculates that the economic return could reach 500 million euros for each year it is held “if it is the success we expect”, as well as 8,000 jobs.
The Community of Madrid, For its part, it released a statement where he explained that “the agreement covers 10 years of competition, from 2026 to 2035, and its conclusion will mean an annual income for Madrid of 450 million euros.”
“The preliminary draft of the circuit concept, pending FIA homologation, “It will have a length of 5.474 km, 20 curves, and a qualifying lap of 1 minute and 32 seconds.”
“Madrid wants to build a new paradigm that combines sport and entertainment, which will be an unforgettable experience. The premise is that it will be sustainable both economically, financed by private investment, and environmentally.”
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
