News Details
Madrid GP fails to secure private investors
Sep.25 The new-in-2026 Formula 1 race on the streets of Madrid has failed so far to attract private investors. According to Soy Motor, officials at the Madrid council admitted this week that the city's events organisation, Ifema, will therefore make losses relating to the race's planning both this year and in 2025. 'It has been confirmed that there are no qualified partners capable of meeting the strict requirements,' said Engracia Hidalgo, the council's economy, innovation and finance head. Early this year, Formula 1 announced a long-term contract with Ifema, endangering the future of the current Spanish GP host Barcelona post-2026. 'Once Ifema had obtained the rights and the different...
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