Madrid says it is in 'final phase' of securing F1 Gran Prix event from Catalonia

The Madrid regional government says it is in the "final phase" of negotiations to host an F1 Grand Prix.

Despite there being "no definitive confirmation" yet, the conversations are "going well," officials indicated to the Catalan News Agency. Formula 1 will not announce any update on the race calender until a deal is final.

Should Madrid secure the event, it would likely mean that Catalonia's Montmeló race track would lose its bid to host the F1 race. 

The news was first published by newspaper 'El Mundo' quoting F1 sources on Tuesday, which explains that Madrid will get the Spanish Grand Prix for 2026, to the detriment of Catalonia.

Sources from the Catalan government pointed out that there is a contract with Catalonia until 2026 and they assure that there are talks to extend the deal beyond that date.

The Madrid government says that the incompatibility of a Spanish Grand Prix in Madrid with a Catalan race depends on the organization of Formula 1, and they have no information about it.