This morning Formula 1 announced a ten year contract which would see the Spanish Grand Prix move from Barcelona to Madrid from 2025.
The proposed circuit would see the cars race around the IFEMA MADRID exhibition centre on a 20 corner, 5.47km track made up of a mix of street and non-street sections with a projected 1 minute 32 second lap time.
The centre itself is in the northeast of Madrid, five minutes from the Madrid-Barajas Adolfo Suarez airport, is well served by public transport and the organisers are hopeful the 90% of fans will be able to reach the venue through public transport. The organisers believe that they will have an initial capacity for 110,000 fans a day but would like to build to 140,000 over the course of the first few years.
“Modern Formula 1 cars racing on a new circuit in the Spanish capital city of Madrid is an enticing prospect,” said FIA President, Mohammed Ben Sulayem. “As we build towards the introduction of the FIA 2026 Formula One regulations, which have been framed with Net Zero carbon by 2030 in mind, it is pleasing to see that the local organisers have placed a sharp focus on environmental sustainability in their plans for the event.”
Formula 1 CEO and President, Stefano Domenicali, added that “Madrid is an incredible city with amazing sporting and cultural heritage, and today’s announcement begins an exciting new chapter for F1 in Spain.
“I would like to thank the team at IFEMA MADRID, the Regional Government of Madrid and the city’s Mayor for putting together a fantastic proposal. It truly epitomises Formula 1’s vision to create a multi-day spectacle of sport and entertainment that delivers maximum value for fans and embraces innovation and sustainability.”
Isabel Diaz Ayuso, President of the Madrid Region, is very excited about the announcement and believes that the event would be worth multiple million to the area.
“It is with great satisfaction that we announce Formula 1 is coming to the Community of Madrid,” Diaz Ayuso said, “to a region and a capital that inspires openness and confidence within and beyond our borders. We are the main engine of Spain’s prosperity and progress.
“This event, which we expect to be followed on a global scale by 70 million people, will represent an increase of more than 450 million euros in Madrid’s GDP per year and the creation of 8,200 jobs.
“The Community of Madrid is a region with a great international projection, open, plural, and competitive, and F1 will contribute to further consolidate the Madrid brand among the best in the world.”