Madrid Added to the F1 Calendar for a 10 Year Contract

January 23, 2024Ramon Jones
Formula 1

Today Formula One announced that the Spanish Grand Prix will not longer be held at the seasoned Circuit de Catalunya-Barcelona after 2025. Instead it will be held in Madrid from 2026 to 2035 following an agreement with IFEMA MADRID to bring an all-new circuit to the Spanish capital, incorporating both street and non-street sections. The circuit will include 20 corners and is expected to host 110,000 fans per day with the potential to expand to 140,000.

Stefano Domenicali, President and CEO of Formula 1

“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 epitomizes 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.”

Mohammed Ben Sulayem, President of the FIA Stated

“Modern Formula 1 cars racing on a new circuit in the Spanish capital city of Madrid is an enticing prospect.

“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 organizers have placed a sharp focus on environmental sustainability in their plans for the event.

“As is customary, the proposed circuit will be subject to FIA homologation and safety checks and calendar approval by the World Motor Sport Council.”

Isabel Diaz Ayuso, President of the Region of Madrid, commented:

“It is with great satisfaction that we announce Formula 1 is coming to the Community of Madrid, 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.”