Welcome at RacingNews365

Become part of the largest racing community in the United Kingdom. Create your free account now!

  • Share your thoughts and opinions about F1
  • Win fantastic prizes
  • Get access to our premium content
  • Take advantage of more exclusive benefits
Sign in
Formula 1

'Madrid to pay eye-watering multi-million fee to host Grand Prix'

Madrid is to join the F1 calendar in 2026 and host the Spanish Grand Prix, and is to pay an eye-watering sum to F1.

Spain
Article
To news overview © xpb.cc

Race-hosting fees are just one way in which Formula 1 builds up its revenue across a season, which, along with sponsorship and TV rights deal go to create the prize pot which is then divided up amongst the 10 teams at the end of the year.

As the idea of hosting a Grand Prix becomes more attractive to more countries, the race hosting fees are climbing, with venues such as Saudi Arabia and Qatar among the new tracks paying top dollar.

The newest track on the calendar will come in 2026 when Madrid takes over the hosting of the Spanish Grand Prix from Barcelona, which RacingNews365 believes to have paid $25 million for the contract which ends in 2026.

Spanish media outlet TV3 has reported that the figure Madrid could be about to pay F1 is €48 million euros a year, which is $52.1 million USD at current exchange rates.

Over the course of the 10-year contract with Madrid to run the race at the IFEMA complex, that could net F1 over half-a-billion dollars if the figure is accurate.

Check below for the first images of a lap of the circuit.

Join the conversation!

x
Max vs. Lewis Stewards deliver Verstappen verdict after Hamilton clash