What happened: Madrid has earned a 10-year deal to host the Spanish Grand Prix, taking the race from Barcelona. The new circuit, dubbed the 'Madring,' is being built around the IFEMA fairgrounds beside Barajas International airport. Its debut is now less than three months away.

Why it matters: The switch ends Barcelona's long run as the host of Spain's premier F1 weekend and marks Madrid's return to the calendar 45 years after the city last held a championship round. Organizers are pitching the venue against Formula 1's stated goals for entertaining, accessible and sustainable racing in destination cities.

What to watch: Attention turns to construction progress and the layout's first competitive running as the Madring's debut weekend approaches.