Madrid F1 race a step closer as venue boss claims deal is close

The claim was made on Thursday by José Vicente de los Mozos, the president of the executive committee of the IFEMA fairgrounds and convention centre located to the northeast of the Spanish capital.

Opened in 1991 IFEMA has become a major centre for conferences and conventions, and there is enough land in and around it to form the basis of a race circuit, with the existing buildings called into use.

It is operated by a consortium of public bodies, consisting of the city…