The Formula 1 Spanish Grand Prix in Madrid has reached two major commercial milestones ahead of its return to the championship calendar, with all available tickets sold and sponsorship revenue exceeding €137 million.
According to IFEMA Executive Committee President José Vicente de los Mozos, more than 100,000 tickets have been sold for the inaugural Madrid race, marking a complete sell-out nearly two months before the event. Approximately one-third of ticket buyers are expected to travel from outside Spain.
The sponsorship income will primarily finance the construction of the new Madring circuit and the redevelopment of facilities at IFEMA, where the race will be staged.
€450 million annual economic impact projected
Organizers estimate the Madrid Grand Prix will generate around €450 million in annual economic impact, equivalent to €4.5 billion over the next decade.
The event is expected to account for approximately 0.4% of the Madrid region’s GDP and around 4% of the city’s economic activity, while creating an estimated 10,000 direct jobs, particularly across the hospitality, tourism and retail sectors.
Visitors are forecast to spend an average of €1,700 during the race weekend, providing a significant boost to the local economy.
One of Formula 1’s largest VIP offerings
Madrid is also positioning itself as one of Formula 1’s leading premium hospitality destinations.
The Madring circuit will feature a 15,000-seat VIP hospitality area, roughly double the capacity typically offered at most Formula 1 venues. In addition, the circuit’s exclusive Paddock Club will accommodate up to 3,500 guests, making it one of the largest premium hospitality spaces on the calendar.
Local authorities and organizers aim to make the Grand Prix financially self-sustaining without direct public funding. Backed by strong sponsorship sales, premium hospitality packages and ticket demand, the project is expected to deliver positive financial results from its inaugural edition.