News Details
Plans underway for F1 street race in Madrid
Formula 1 on the streets of Madrid?
Plans are afoot for a Formula 1 street race to take place in the heart of Madrid, according to a report in El Confidencial.
It is claimed Bernie Ecclestone is in talks with a group of Spanish businessmen who want the sport to race on the streets of the large capital city.
El Confidencial claims the project is so well advanced that Ecclestone, the Formula 1 chief executive, is already in possession of a detailed business plan and bank guarantees.
The report said the race would have an annual budget of 50 million, funded privately, but 'institutional, political and social support' is also necessary.
Spain already hosts an annual Grand Prix at the permanent...
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10y ago from GrandPrix247.com
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