Madrid F1 project still lacking key steps, says FIA

Speculation last week suggested that a new race around the Spanish capital from 2026 is near a sign off, with talks at an advanced stage with F1’s commercial rights holder.

The plans are for a race to take place around the IFEMA convention centre in the northeast of the city, close to its Madrid-Barajas international airport.

The 5km parkland circuit would use the IFEMA pavilion complex and fairgrounds, which is often used for exhibitions and…