Madrid will have its grand prix and will revolutionize Formula 1 – Start it, for God’s sake!

2023-07-13 13:26:34

For months, the different administrations and the rest of the agents involved in the possible organization of a grand prize in Madrid had sent messages of optimism about the possibility that Madrid to be the headquarters of F1 again, more than thirty years later.

Optimism that has become certainty after this Thursday the president of the Executive Committee of Ifema Madrid, José Vicente de los Mozos, has assured that the contract is closed and that it would only be pending its signing. “I know when we are going to sign it and when we are going to do it,” said de los Mozos during an informative breakfast.

The arrival of F1 in Madrid would not be before 2026 when the contract that FOM (Formula One Management, which is the main operating company of the Formula 1 Group) has with the Montmeló circuit in Barcelona ends. The one in Madrid would be a grand prix of an urban nature that would run along the IFEMA ring road and would be more than just a grand prix.

And it is that Madrid has not only offered a layout but a comprehensive experience to the teams never seen before in this sport. IFEMA wants to turn the Madrid GP into a 360 experience by offering to the F1 teams their 12 arenas to make them a place to show their teams, sell their products and allow fans to go beyond the asphalt.

The economic impact that holding a grand prix in the capital would leave in the capital is estimated to exceed 500 million euros, the image impact being incalculable if we take into account that it is a sport with more than 1,500 million gross viewers worldwide, more than one hundred for each grand prix.

The exhibition that the Mexican driver Checo Pérez with Red Bull is going to carry out this weekend in La Castellana is further evidence that Madrid smells like Formula 1. This would be a good opportunity for the signing to become official. many had already written it down as a key event for the future of this sport in Madrid.

A historical fact that reminds us that Madrid was already the headquarters of F1, it was until the year 1981 when the Jarama circuit was its headquarters for the last time.