HE Formula 1 Madrid GP This has become a reality since Tuesday, January 23, when Ifema was chosen for its presentation in Madrid, whose infrastructure will be the epicenter of the new test on the calendar. The event included, among others, Stefano DomenicaliCEO of Formula 1; José Vicente de los MozosPresident of Ifema Madrid; In addition Isabel Diaz AyusoPresident of the Community of Madrid or José Luis Martínez-AlmeidaMayor of the Spanish capital. This will be the official start of a test that will be associated with Formula 1 for a decade.
Madrid enters the calendar, Catalonia fights to avoid relegation
In the absence of official approval, Madrid GP will be on the calendar from 2026will indirectly affect maintenance. Spanish GP was held at the Barcelona-Catalonia Circuitfor at least two years. Regulations allow for expanded testing, but Domenicali commented that “Today we may already have more than 30 tests, it may even be 32, because everyone wants it.” The idea is to make the most of any gaps in the increasingly saturated sports agenda.
However, this contrasts with another statement made by the F1 CEO in an interview with ‘Ace’, in which he said that he would not allow the Madrid GP and the Spanish GP to coexist: “I don’t think that will happen in the medium term. After 2026, Unless something changes and is different, let’s have two European races held in the same country.“. Generalitat president Pere Aragonès argued before the presentation of the Valdebebas (Madrid) race that Catalonia does not plan to give up its place in the calendar.
In an interview with ‘Radio Catalunya’, Aragonés assured that “we are moving forward and working in a positive way” to reach an agreement with F1. “We’re a little bit country sometimes. There’s no need to look to one side all day. We have many assets and we must do this. “Prove them right,” he added. Meanwhile, the organizers of the Madrid GP continue to design independent road maps, as they have throughout the entire process. “best grand prix” Formula 1“As Ayuso stated in an interview with ‘El Mundo’.
Who is behind the 100% private investment of the Madrid GP?
For the City Council and the Community of Madrid, the presentation of the event symbolizing the return of the ‘Great Circus’ after a 45-year absence is the culmination of a long-term process. It’s a coup that increases the attractiveness of the capital, which hosts major sporting events. The leader of the council, José Luis Martínez-Almeida, announced the departure from Formula 1 this Monday Economic return of 500 million euros per print.
“This shows the moment that the city, which hosts such an extraordinarily prestigious competition from a sporting point of view, is experiencing. It has decided to establish a center in the capital, with all its international repercussions. This is something that the people have decided. Almeida, for whom the new Grand Prix said: “Madrid can benefit from this, I am proud,” he said.Madrid is the place to be in the worldbecause it’s a pole of attraction.” The community’s prediction is that this will create “Nearly 10,000 direct jobs in addition to all indirect jobs.” Thanks to the arrival of new hotels, chains or businesses that will be created as a result of the grand prize.
Ayuso argues that all this will be possible “without costing public money” to Madrid because, unlike what happened at the ill-fated European GP in Valencia or even the Spanish GP in Barcelona-Catalonia, the organizers of the event in the capital guarantee: 100% private It is an initiative. He is also among the names associated with this game. José Vicente de los Mozoswho also chairs Ifema and is CEO of Indra Stephen RossOwner of the Miami Dolphins and promoter of the Miami GP and organizer of the Dutch GP; or businessman Carlos InceClose friend of Mexican driver ‘Checo’ Pérez (Red Bull), who attended a ‘show’ in Madrid in the summer.
Madrid GP parallels the rise of urban tracks
The future Madrid GP is seen in the mirror of events in America. In fact, a delegation went to Miami to design a proposal that wanted to go beyond what happened on the runway. The idea is to develop a program of activities and leisure with Ifema as the center of operations. Quick access to Barajas airport and hotel areas to Valdebebas, the region that will host the grand prize, It will attract 120,000 participants. Of these, 54,000 will be international tourists, 30,000 from other parts of Spain and the rest citizens living in the city hosting the test.
Madrid Hotel Association predicts turnover in restaurants and nightlife to exceed 2019 29.5 million euros in three days The grand prize signed lasts for ten years. It is certainly a model that differs from the more traditional concept advocated by Montmeló and must change in order to continue programming. In fact, one-third of the races will be held on urban or semi-urban tracks such as Valdebebas.
In the expenses section; Madrid GP will pay between $15 million and $55 million For circuits that are already on the calendar. Work to convert Valdebebas into an approved circuit could cost close to €100 million and will begin this summer. Ifema will be the epicenter and a route of just over five kilometers will be laid out through the streets of the northern district of Madrid, which will place the Spanish capital at the center of world sport.