P1racenews AI automatic summary:
Madrid F1 project still lacking key steps, says FIA
Speculation arose last week that a new Formula 1 race in Madrid was close to being approved, with talks in advanced stages with F1’s commercial rights holder. The proposed race would take place around the IFEMA convention centre near Madrid-Barajas international airport, utilizing the IFEMA pavilion complex and fairgrounds. However, the FIA has downplayed these rumors, stating that several key elements need approval before any race project can be sanctioned. The process involves the Spanish automobile federation reviewing the project, then sending it to the FIA for homologation. The FIA and its national sporting authority must complete their evaluation before the race can be added to the calendar. FIA president Carmelo Sanz de Barros expressed concern about political maneuvering and stressed the importance of following the correct process, referencing past issues in Madrid’s bid for the 2030 Olympic Games.
