Madrid is poised to rejoin the Formula One calendar after greater than 40 years, with an official announcement scheduled for subsequent week within the Spanish capital.
The sources spoke on situation of anonymity as a result of they weren’t allowed to debate the matter publicly.
Details on when the Madrid race can be added to the calendar had been nonetheless being labored out, although stories talked about a multi-year deal beginning in 2026.
Barcelona is below contract to host Formula One races on the Circuit de Barcelona-Catalunya till 2026.
Spanish media stated negotiations have been underway with Catalonia officers to see whether or not an settlement could possibly be reached for Madrid to take over Barcelona’s spot on the calendar earlier than the top of the present contract.
There was additionally the less-likely chance of getting two races in Spain in 2026.
The Madrid race is predicted to happen on a road circuit going by way of town fairgrounds.
Details of the challenge had been set to be introduced subsequent week.
Madrid metropolis mayor Jose Luis Martinez-Almeida stated not too long ago, “some good news” for the capital was anticipated subsequent Tuesday.
Madrid area president Isabel Diaz Ayuso stated Tuesday that the F1 challenge would add “so much to the Madrid brand” and would “entice different nice tasks” to the area.
“We will do every little thing we are able to to ensure that the challenge can undergo,” she stated.
The final F1 race within the Madrid area was in 1981 on the Jarama circuit.
The Jerez de la Frontera monitor in southern Spain hosted races from 1986-1990, and in addition in 1994 and 1997.
Barcelona has been dwelling to F1 in Spain from 1991 till now.
The nation additionally hosted the European Grand Prix on a road circuit in Valencia from 2008-2012.
The contract with Barcelona was prolonged till 2026 5 years in the past after the monitor dedicated to enhancements forward of the 2022 season.
Red Bull driver Max Verstappen gained final yr’s Spanish Grand Prix on the Circuit de Barcelona-Catalunya.
Source: www.dailysabah.com