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 is in the final stages of negotiation with the sport’s commercial rights holder. The proposed race would be held around the IFEMA convention center near Madrid’s international airport. The circuit would utilize the IFEMA pavilion complex and fairgrounds, incorporating a 5km parkland track. However, the FIA has downplayed the apparent progress, emphasizing that key elements still need to be approved before the project can move forward. The FIA president of the Senate and president of the Spanish automobile federation explained that the Spanish Federation has not yet received the project for analysis, nor has it been forwarded to the FIA for homologation. Until these steps are completed, no work has been done on the project within the FIA. Furthermore, concerns have been raised about the political influence and leaks surrounding the race proposal, with a potential rivalry between Madrid and Barcelona playing a role.
