The new semi-urban circuit Madring will host the Formula 1 Grand Prix in September, generating a significant economic impact. President Ayuso highlights that no public funds will be used for its organisation.
The Formula 1 Grand Prix is just around the corner and Madrid is gearing up to welcome it at its innovative semi-urban circuit, Madring, which promises to be one of the most modern in the world. The President of the Community of Madrid, Isabel Díaz Ayuso, has emphasised that this event, scheduled for September, will generate an estimated annual economic impact of €450 million and create around 8,000 direct and indirect jobs. During an informational breakfast where she introduced the president of Ifema, José Vicente de los Mozos, Ayuso defended the management of the new track without the need for public financial injections.
Ayuso stressed that despite the scepticism and criticism from the opposing political sector, the public administration has not made any disbursements to prepare for this motor racing event. “It’s a great investment that doesn’t cost the Madrid taxpayer,” she stated. In contrast, she mentioned the case of the Grand Prix held in Catalonia, where public funds exceed €40 million.
The president also compared cultural subsidies between the two regions: while Madrid receives only 1.59%, Catalonia obtains a staggering 91.80%. “They have put many obstacles in our way,” lamented De los Mozos during his speech.
As the date of the event approaches, more than 100,000 tickets have already been sold, with a third aimed at international customers. This global interest highlights the tourist and economic appeal that the Grand Prix represents for Madrid.
Ayuso also highlighted the fundamental role that Ifema will play as the main organiser of the event and praised De los Mozos for his ability to resolve problems quickly. The CEO of Formula 1, Stefano Domenicali, also expressed his confidence in Madrid as the ideal partner for such sporting events.
As the planning for the Grand Prix progresses, De los Mozos revealed a clear strategy: “Maximise income and minimise investment.” With projected sponsorship income reaching €137 million, all expenses associated with the event are expected to be covered without resorting to public funds.
With just under two months to go until the event anticipated by thousands of motorsport fans, Madring is positioning itself as a key point on the international sports calendar. Preparations continue and everything points to a successful celebration in September.
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