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Wednesday, May 29, 2024

Madrid F1 race a step nearer as venue boss claims deal is shut

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The declare was made on Thursday by José Vicente de los Mozos, the president of the chief committee of the IFEMA fairgrounds and conference centre situated to the northeast of the Spanish capital.

Opened in 1991 IFEMA has grow to be a serious centre for conferences and conventions, and there’s sufficient land in and round it to type the idea of a race circuit, with the prevailing buildings known as into use.

It’s operated by a consortium of public our bodies, consisting of town council of Madrid (31%), the regional administration of the neighborhood of Madrid (31%), the Madrid Chamber of Commerce (31%) and the Montemadrid Basis (7%).

Since March it has been the host of the officially-sanctioned and well-received F1 Exhibition, which in impact has served to assist town to stake its declare for a race occasion.

“I do know when we’ll signal it and when we’ll do it,” stated de los Mozos of a future race deal in feedback reported by Europa Press.

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He added: “We’ve got adopted the method indicated to us. The Spanish Vehicle Federation has been knowledgeable from the primary second, we now have signed exclusivity, and now we’re advancing with the contract.”

He famous that the occasion would generate €500m for the area and that it might be “not a race, however an expertise – the perfect in Europe.”

Madrid F1 exhibition

Photograph by: Juanjo Sáez

Barcelona has a deal to run the Spanish GP till 2026, and it’s not but clear if the plan is for the brand new occasion to ultimately take over the title, or if it is going to run because the Madrid GP.

Talking to F1’s personal Past the Grid podcast lately CEO Stefano Domenicali performed down the prospects of a race in Madrid whereas acknowledging the game’s present increase in Spain.

“It’s true that Madrid needs to host a race sooner or later,” he stated. “And no choice has been taken up to now. That is one other nice signal of the state of the well being of F1. 

“And that is the suitable competitors that won’t contain in any respect any political dialogue, solely business and technical and sporting dialogue we’ll be taking the following couple of months.

“And for the perfect of F1 we’ll take the suitable choice. I am certain about it. However we have to do not forget that we nonetheless have years of contract with Barcelona, and we’re actually very, very pleased with the best way that Barcelona is dealing with the longer term as a result of, after all, this has helped them to react, to push for the development that’s wanted in any respect ranges, in every single place.

“After which this, after all, is in a second the place we now have Fernando [Alonso] performing extremely nicely, and we now have Carlos Sainz in Ferrari. Each of them have a whole lot of followers. 

“We see that the TV score determine is rising extremely nicely in Spain. So the market could be very, very sturdy now. And in order that’s nice that we now have these sorts of hopes for the longer term.”

Kimi Raikkonen, Lotus F1, Fernando Alonso, Ferrari, Michael Schumacher, Mercedes AMG F1 and Andrea Stella, Ferrari Race Engineer celebrates on the podium

Kimi Raikkonen, Lotus F1, Fernando Alonso, Ferrari, Michael Schumacher, Mercedes AMG F1 and Andrea Stella, Ferrari Race Engineer celebrates on the rostrum

Photograph by: Sutton Photographs

Whereas Spain briefly sustained two occasions in Barcelona and Valencia Domenicali insisted that instances have modified and that it’s unlikely that it might occur once more.

“In that point the enterprise was not so massive,” he stated. “And [we still had] a European-centric calendar. In the present day we now have a worldwide calendar method, with larger and extra races, for certain.

“However I believe that in Europe even sooner or later I am anticipating to see races the place the rotational precept could possibly be utilized, however not two in the identical 12 months.”

The Madrid space beforehand hosted F1 when the Spanish GP was held at Jarama, to the east of town and never a lot additional away from the centre than the brand new venue.

The monitor first held the race in 1968, initially alternating with Montjuich Park in Barcelona, which co-incidentally just like the proposed new venue was a road monitor adjoining to an exhibition facility.

Montjuich was closed after the tragic 1975 race and Jarama briefly turned the everlasting website of the Spanish GP till it held its final F1 occasion in 1981. The race was later revived at Jerez in 1986 earlier than transferring to its present residence in 1991.


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