Formula 1 Reaches Deal To Extend Miami Grand Prix To 2041
Formula 1 will be racing around the Hard Rock Stadium in Miami until at least 2041 after a 10-year ... More extension was reached. (Photo by Jakub Porzycki/NurPhoto via Getty Images)
Formula 1 will continue racing around the Hard Rock Stadium in Miami for many years after reaching a new extension.
Just ahead of the first practice sessions for the 2025 Miami Grand Prix, it was announced that a deal to keep the race on the calendar will be extended to 2041 – a 10-year extension from the end of the current agreement. Miami was added to the F1 schedule in 2022.
The deal extension was reached between F1 and South Florida Motorsports, the NFL's Miami Dolphins subsidiary. South Florida Motorsports was named 2024 Formula 1 Promoter of the Year.
Financial terms between the sides were not revealed.
'In just three years, the Miami Grand Prix has established itself as one of the most important and spectacular events on our calendar, an extraordinary example of quality and vision that truly represents the spirit and ambition of Formula 1 in the United States,' said Stefano Domenicali, President and CEO of Formula 1. 'Extending this agreement until 2041 is a strategic milestone of enormous importance, which strengthens our presence in America and consolidates the ever-deepening bond with our fan base there, which is constantly growing and passionate like never before.'
'Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone for all of us at South Florida Motorsports and a true testament to the hard work of our team, the strength of our partnerships, the support of our community and the growth of the sport in the United States, 'said Tom Garfinkel, Managing Partner of the Miami Grand Prix. 'To have been granted this extension after only our third event speaks to what we have felt from the very beginning – the Miami Grand Prix is here to stay.
'I want to thank Stefano Domenicali and Formula 1 for believing in our vision, as well as Stephen Ross for his investment and commitment to growing this event. From day one, our goal has been to create a world-class race that also reflects the spirit of Miami — vibrant, inclusive and culturally significant. This long-term commitment allows us to continue innovating, investing in the fan experience, and deepening our impact across South Florida.'
The race has grown in popularity since being added to the schedule. Last year, 275,799 fans attended the three-day race event weekend. ESPN saw a record for F1 viewership for last year's Miami GP of 3.1 million.
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