Formula 1 secures long term deal with Miami Grand Prix until 2041
Formula 1 secures long term deal with Miami Grand Prix until 2041 (Image Source: Getty)
Ever since it began in 2022, the
Miami Grand Prix
has become one of the most exciting and popular locations for
Formula 1
motorsport, which has attracted fans from across the globe, not just the US. Now, the Formula 1 has announced that the Miami Grand Prix will remain on the calendar through 2041. The decision came forward following a 10-year extension to its existing agreement with the promoter
South Florida Motorsports
. This is a new deal that will make Miami the longest contracted event on the F1 calendar.
Miami Grand Prix promoted local community and commerce
It is indeed true that the Miami Grand Prix has helped the local economy by bringing in over $1 billion in just three years. The race organizers have also given it back to the community by creating more internship opportunities and have helped local charities. They are supporting small businesses.
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Now, South Florida Motorsports has been named the
2024 Formula 1 Promoter of the Year
. This award reveals how smoothly they have run the event and how much they care about both fans and the Miami community.
Formula 1 CEO Stefano Domenicali reacts
Stefano Domenicali, President and CEO of Formula 1, said:
'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.'
Further, he said:
'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.'
He added:
'Miami is not only an extraordinary city, but also a truly global sporting hub, energetic, dynamic and culturally vibrant. All this would not have been possible without the far-sighted vision and tireless commitment of Stephen Ross and
Tom Garfinkel
, to whom I extend my sincere gratitude for the leadership, support and dedication with which they have helped transform the Miami Grand Prix into a world-class event
Meanwhile, Tom Garfinkel, Managing Partner of the Formula 1 Crypto.com Miami Grand Prix, said:
'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. 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.'
He said:
'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.'
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Time of India
37 minutes ago
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Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks One of those buyers was He Tianying, who is a member of the Chinese People's Political Consultative Conference, according to government documents in China examined by The New York Times. 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