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Formula 1 returns to Madrid under 10-year contract

Madrid is hosting its first Formula 1 grand prix since 1981, according to BBC News.

The short version

  • Formula 1 is staging a race in Madrid, marking the sport's first grand prix in the city since 1981.[BBC News]
  • The event operates under a 10-year contract following 150 million euros in track construction and surrounding investments.[BBC News]
  • Circuit construction faced logistical hurdles after beginning during Spain's wettest winter in two decades.[BBC News]

Key facts

  • Formula 1 is holding a race in Madrid for the first time since 1981.[BBC News]
  • Organizers secured a 10-year contract to host the Madrid grand prix.[BBC News]
  • The track alone cost 85 million euros, alongside 65 million euros invested in surrounding construction.[BBC News]
  • Operations director Carlos Jimenez stated that track construction began during the wettest winter Spain experienced in 20 years.[BBC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.