Confirmation of Formula 1's return to Madrid is expected to be announced next week, according to multiple sources.
The Associated Press are reporting that Madrid will replace current Spanish Grand Prix host Barcelona from 2026, meaning a return to the Spanish capital for the first time since 1981.
Now, The Associated Press seem to have confirmed this, stating that details of the reported multi-year contract are to be announced next week after Madrid city mayor José Luis Martínez-Almeida said that ”some good news” for the city was expected next Tuesday.
Madrid street race on the cards
Although the concept of a spectacular event around the streets of Madrid will be a fresh one for F1, the sport has raced in the Spanish capital on multiple occasions before.
The Circuito Permanente del Jarama held nine F1 races between 1968-1981, before it was deemed to be too narrow for modern racing.