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

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.

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