News:Madrid Grand Prix: New F1 race given green light amid concerns over future of Barcelona circuit.

A new F1 road race will be announced next week in Madrid. The planned event has been discussed among the parties for some time, and reports surfaced several weeks ago that an agreement was near. According to the Associated Press, an official announcement is imminent. Madrid Mayor José Luis Martínez Almeida teased that “good news” would be announced on Tuesday. Details of the event in the Spanish capital, which last hosted an F1 race at the Jarama track north-east of the city in 1981, are expected to be announced in due course. A new street circuit is planned near Madrid-Barajas International Airport.
The track is located next to Real Madrid’s Valdebebas training facility and also includes the IFEMA convention center, which hosted the F1 exhibition last year.
It is not yet decided when the first Madrid Grand Prix will be held.
Some reports suggest it will debut in the 2026 season, but Barcelona’s Circuit de Catalunya has a contract that guarantees it will host an F1 event every year until then, so this year will see two in Spain. A race will be held.
However, the announcement of the race in Madrid has further called into question its wider place in the sport.
Currently, the United States and Italy are the only countries that host multiple F1 events each year.
Spain is unlikely to receive similar treatment in the long term.
This is despite the fact that interest in the sport has increased in recent years due to the fact that Fernando Alonso and Carlos Sainz both compete in competitive teams and score great goals.
However, it is unlikely that there will be more events in Europe each year.
F1 has already reached its 24-race limit per season and the Concorde Agreement is being renegotiated between teams, with the possibility that additional events will be allowed, but Mirror Sport reports that F1 leaders have not yet decided on that number.
I understand that you don’t want to exceed it.
In recent years, newly created events have focused on other markets rather than Europe.
The United States now hosts three races a year with new road courses in Miami and Las Vegas, and the Middle East is another growth region with the addition of events in Qatar and Saudi Arabia.