Formula 1 Announces New Spanish Grand Prix

The race will no longer be held at the Catalunya circuit in Montmelo, near Barcelona

by Sededin Dedovic
Formula 1 Announces New Spanish Grand Prix
© Bryn Lennon / getty Images

Formula 1 races in Spain will be held at a new location from 2026, Spanish newspaper El Mundo reported. The race will no longer be held at the Catalunya circuit in Montmelo, near Barcelona, but will be held in Madrid. The agreement, which would be financed by private investments, is expected to be announced in the coming days.

The new track will stretch from Ifema, the institution of the Madrid fair, to Valdebebas, forcing vehicles to pass under the M-11 bridge. The route is expected to use one of the widest streets passing by Ifema, such as Via de Dublin, to head towards Valdebebas, passing under the M-11 bridge.

The economic impact on the Community of Madrid is estimated at around 500 million euros every ten years. The decision to move the Formula 1 race to Madrid is part of F1's wider strategy to move closer to cities. F1 has added several new circuits to its calendar in recent years, including circuits in Miami, Las Vegas, Jeddah (Saudi Arabia) and Baku (Azerbaijan).

All of these tracks are located in or near major cities and offer F1 the opportunity to bring the races closer to the people who live in the city and its tourists. The Ifema-Valdebebas track perfectly fulfills this requirement, as it can be reached by public transport.

In addition, this product allows F1 to offer VIP experiences with higher demand and higher prices.

First time F1 in Madrid

Madrid has never hosted a Formula 1 race before. The city is home to several major attractions, including the Prado Museum, the Royal Palace of Madrid and Buen Retiro Park.

It is also a popular tourist destination, with over 13 million tourists visiting the city in 2019. The Formula 1 race is expected to have a positive impact on Madrid's image. The race will be broadcast live in over 200 countries, with an estimated 400 million viewers worldwide.

This will help promote Madrid as a global city. The circuit in Catalonia has hosted a Formula 1 race for more than 30 years, and is a popular event among fans. However, the new track in Madrid is expected to be a huge success and will help further promote Formula 1 in Spain.