The President of the Executive Committee of Ifema, José Vicente de los Mozos, has announced that there is already a date for the arrival of Formula 1 in Madrid. Mozos has assured that he is “thinking about the cycling event” and although he has stressed that he knows “when the agreement for the arrival of Formula 1 in Madrid will be signed”, he has not given specific details. This was stressed by the President of Ifema during the breakfast organized by the New Economy Forum this Thursday, confirming that there was “a confidentiality agreement” and therefore he could not reveal when the contract would be concluded, although he explained it in detail have he knows the date of signing and the announcement. In that sense, he referred to the only F1 Grand Prix currently being held in Spain, which is held in Barcelona, and expressed “delighted” if two races would finally take place, although stressing that he was “speaking”. and works for Madrid”. The association of the “Gran circo” with the Montmeló circuit dates back to 1991 and it is one of the classic circuits of the competition: the contract will end in 2026.
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“I want to have a Formula 1 experience, the best experience in Europe, using the 13 pavilions that we have,” stressed Mozos. “Since December we have had the exclusivity to negotiate with FOM (Formula One Management). We will sign the exclusivity and now let’s go ahead so that the contract arrives with us. I can’t go on,” added the President of Ifema. For months there has been a dialogue between the cabinets of José Luis Martínez Almeida, mayor of the city, and Isabel Díaz Ayuso, president of the community, with Liberty Media, the organizer of the competition. Adding to the rumors and negotiations was Ayuso herself, who didn’t shut up when she announced the arrival of Formula 1 in Madrid.
The project, following the path announced by the President of Ifema himself, would be funded by private capital and would see the light of day in 2026, when the Circuit de Barcelona-Catalunya will end its contract, extended at the end of 2021, with Liberty as the headquarters of the Grand Prix of Spain. But in stark contrast to what is happening in Italy, where two Formula 1 races are held in the same country, Liberty is reluctant to allow Barcelona and Madrid to coexist on the motorsport calendar. At the last Spanish GP, driver Carlos Sainz already commented on the subject: “I don’t think Formula 1 has any intention of holding two races in Spain. But I think Spain is the right place to have those roots in Europe. I need more details to know exactly what they want to do in Madrid, but I will support the Spanish Grand Prix wherever it is held. Barcelona did very well.” Ifema is now home to the first and only official Formula 1 exhibition: Formula 1. The Exhibition. The exhibition gathers the 73 years of the premier class and, after running in Madrid until August 20 this year, will tour the rest of the world, with Milan first on the list.
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