F1 bosses confirmed that Madrid will host a Grand Prix from 2026
F1 bosses on Tuesday have confirmed that the Spanish capital, Madrid will host a Grand Prix from 2026!
The development is reported to have emerged after agreeing to a 10-year deal worth £400MILLION.
It also places a question mark over Barcelona’s continuation on the calendar.
Chief executive Stefano Domenicali announced on Tuesday following a couple of years of talks with authorities in the Spanish capital.
The Spanish Grand Prix 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 street and non-street sections.
The hosting fees of some £40m make it one of the two most lucrative contracts ever signed for a European race, alongside Hungary.
Middle Eastern races, however, can command fees of more than £60m.
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