The project, designed to address doubts about its viability, has the backing of Madrid-born driver Carlos Sainz, who serves as ambassador. Sainz described the circuit as spectacular and fast, highlighting the blend of long straights for overtaking and demanding technical sections, giving it a unique personality. The driver expressed his pride in competing in the premier motorsport category so close to his home.
José Vicente de los Mozos, Chairman of IFEMA's Executive Committee, has positioned the event among the world's elite entertainment gatherings. He acknowledged the support from the Madrid City Council, the Community of Madrid, and the Chamber of Commerce, revealing that over 100,000 tickets have already been sold. Madrid thus becomes the only major European capital to host a Formula 1 race within its urban core.
Long-term economic viability is a cornerstone of the agreement. According to Ángel Asensio, president of the Madrid Chamber of Commerce, a direct economic impact of 400 to 450 million euros per race is projected, totaling an overall return of approximately 4.5 billion euros over the ten-year contract period.
The gala presentation, held at the Wah venue, included the unveiling of the official poster under the slogan 'From Madring to the sky' and received support from the Royal Spanish Automobile Federation and the Ministry of Sports. The event coincided with neighborhood and environmental protests at the exhibition center's external access points.
