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Madrid Mayor Drops Update on Negotiations with F1 to Host Second GP in Spain

Recent speculations suggest that Madrid could host a Formula One Grand Prix at IFEMA on a street circuit. Jose Luis Martnez-Almeida said that talks between F1 Madrid and the city are going’reasonably’ well. This suggests that the possibility of a race is increasing.

IFEMA has already contacted Stefano Domenicali the person in charge of the championship who received an offer from Madrid to organize the Grand Prix. A race in Madrid could take place as soon as 2027, although no official date has been set. “The talks to hold a Grand Prix at Madrid are progressing well,” stated Mayor Martinez Almeida. It is one of the most important events in the world, and cities are judged by their ability attract such events.

A street race in Madrid could be a major event that would boost tourism. A Grand Prix in Madrid would attract many tourists. Madrid has become an increasingly popular tourist destination over the past few years. “Hosting a Grand Prix in Madrid would be an amazing opportunity to show off the city to the rest of world,” said Martinez-Almeida. Recently, the city hosted the highly coveted F1 Exhibition.

Spain could join USA and Italy in hosting multiple races within a season

Fernando Alonso, a two-time World Champion from Spain, is one of its most celebrated sportsmen. Spain hasn’t had two races in the calendar since 2012. The Valencia Street Circuit was removed from the schedule.

The Circuit de Barcelona – Catalunya hosts the Spanish Grand Prix at present, but Formula One’s contract expires 2026. The United States and Italy are the only countries that could possibly host two races. However, the possibility of Madrid and Barcelona being alternated between each other is possible. F1 is pushing to have 30 races in one season. So, it’s likely that Spain will host two races.

The negotiations between Formula One and Madrid are positive for those who hope to see the sport returning to the city. “If negotiations continue to progress well, Madrid may be back on the Formula One schedule, “said Martinez Almeida. “Formula One, one of the most prestigious events in the world, is a great event. A street circuit race would bring the city significant attention and visitors.”

A Grand Prix held in Madrid could be an important event for Formula One, and attract new fans. A street circuit race in Madrid would be a welcome addition to the Formula One calendar. It has been over 40 years since Madrid last hosted a Formula One event. The negotiations between Madrid Formula One are moving forward well and the likelihood of a street race in Madrid is growing. If the talks continue, Madrid may be included in the Formula One schedule. Street circuits are becoming more popular, so it is possible.

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