Spanish Formula 1 Grand Prix: The automobiles roar once more in Madrid | Business | EUROtoday

June 1981. The warmth in Madrid was suffocating. Even so, the Spanish Grand Prix was held. The pilots suffered the ravages of summer season. It is claimed that the winner, Gilles Villeneuve, a 29-year-old Canadian driver, misplaced a number of kilos as a result of effort of the very robust Jarama race. The Frenchman Jacques Laffite, second positioned, needed to be actually extracted from his Talbot by the mechanics. They revived him with oxygen and water on his face in order that he may regain his energy and attain the rostrum. Some 70,000 spectators attended the circuit. That was the final time this competitors was held within the Spanish capital. And it is going to be subsequent 12 months, greater than 4 many years later, when the roar of the engines returns to town.

The largest motorsport competitors returns to Madrid. The metropolis joins the worldwide Formula 1 calendar, organizing the Spanish Grand Prix from 2026 to 2035, which shall be held on a circuit that can run round Ifema Madrid and Valdebebas. The International Automobile Federation (FIA) Formula 2 and Formula 3 championships can even be held there. According to the preliminary research ready by the consulting agency Deloitte, holding a Formula 1 Grand Prix in Madrid would generate annual earnings of greater than 450 million euros and would contribute to the upkeep of greater than 8,200 jobs, explains Daniel Martínez, vp of the Executive Committee of Ifema Madrid.

Added to this financial impression is the contribution when it comes to picture and model positioning, each for Madrid and for the fairgrounds, based on the supervisor. “Formula 1 is currently the sporting event with the largest number of fans globally, with an average audience close to 90 million viewers per Grand Prix and more than 1,550 million impacts annually,” he particulars. Far from exhibiting indicators of exhaustion, it’s a sport in clear progress, with a very related attain in strategic areas resembling Asia, America and the Middle East, which makes the Madrid Grand Prix a extremely invaluable lever to strengthen the worldwide projection of the Madrid model and entice long-haul tourism.

“Likewise, as a result of the transformative effect of Formula 1, our main business, fairs, congresses and conventions, will be boosted, both by opening up new growth opportunities and by improving our international positioning,” provides Martínez. To do that, the area shall be remodeled by integrating an city circuit referred to as Madring: a mixture of Madrid and Ring (ring in English), used to call racing layouts. “The works began last May and are progressing at a good pace in accordance with the established plans,” particulars the consultant of the consortium. In the realm of ​​the Valdebebas plot, the asphalting work has begun on the circuit the place the bottom layer is being prolonged in a number of sections between turns 12 and 13. But in the intervening time, the largest milestone on this sense is that the works on the Pit Building and the Paddock Club, the logistical coronary heart and soul of each Grand Prix, have begun.

14 modular garages

Located in Ifema Madrid, the Pit Building could have three flooring and a most top of 18.5 meters. The floor ground will home the pits, the area the place the groups work, strategic choices are made in actual time and the place the automobiles stay earlier than going out on the observe. The constructing could have 14 modular garages, 11 for the groups and three on the disposal of the FIA, and has been designed to function on the highest stage through the race weekend. The Paddock Club shall be situated on the higher flooring, one of the crucial unique areas within the championship. Interior lounges, relaxation areas and panoramic terraces will supply privileged views of the pit lane and to the observe, permitting you to expertise Formula 1 just some meters from the motion.

“It is an environment designed for companies, guests and personalities, where sport, technology and experience go hand in hand,” says Martínez. The building of the constructing is carried out by Eiffage Construction and shall be immediately built-in with the prevailing Ifema Madrid pavilions, by way of inside connections, stairs and accessible elevators. Furthermore, the Pit Building and the Paddock Club could have life past the Grand Prix: as soon as the occasion is over, this infrastructure will turn out to be a part of the common exercise of the fairgrounds, contributing to the revaluation of the South Convention space, in addition to pavilions 1 and a couple of. “It is a logistical challenge that will mark a before and after in the history of the venue,” he highlighted.

This challenge represents one of many best challenges addressed in its historical past. Its execution will permit the establishment to accumulate differential and high-value data, each within the subject of logistics and operations – as a result of complexity concerned within the meeting and disassembly of an occasion of this magnitude – and within the business administration of a world competitors. “It implies the capacity to host nearly 350,000 attendees for three days, with a markedly international profile,” Martínez emphasizes. The response from followers is anticipated to be a hit. “We have no doubt that all the Grand Prix tickets will be sold. It is clear that the fact that Madrid has had to wait more than four decades to see the return of this competition helps, but above and beyond this temporary circumstance, we are offering an unprecedented experience in F1, particularly in Europe, where the attractiveness of the circuit from the sporting field is combined with what we are going to offer as an event,” concluded the consultant of the venue.