F1 signs 10-year extension with Miami Grand Prix that keeps race on calendar through 2041
MIAMI GARDENS, Fla. (AP) — Formula 1 announced a 10-year extension with the Miami Grand Prix on Friday that will ensure the event remains on the calendar through 2041.
'From our standpoint, it enables us to say that this event is here to stay for a very long time,' said Tom Garfinkel, managing partner of the Miami Grand Prix. '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."
The race debuted in 2022 as the second F1 race in the United States on the schedule. Sunday's running will be the fourth in what was originally a 10-year contract between Miami promoters and F1.
There are now three F1 races in the U.S. every year. Las Vegas was added to the schedule in 2023 and F1 also makes a stop at the Circuit of the Americas in Austin, Texas.
F1 president Stefano Domenicali stressed how vital Miami is to the series' portfolio as it continues to grow dramatically in the U.S.
'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," Domenicali 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.'
The Miami extension comes two days after F1 announced a three-year extension with Mexico City. The difference, though, is that Mexico City in the final year of its existing contract.
The Miami race, meanwhile, was touted as a key event in F1's focus on North American growth, as well as the impact the race has on South Florida. The Miami Grand Prix has generated more than $1 billion in economic impact in its first three runnings.
South Florida Motorsports, the official promoter, has established internship programs, worked with local charities, and promoted home-grown businesses each year to build a community relationship around the grand prix. South Florida Motorsports was named 2024 F1 'Promoter of the Year.'
Promoters claim a record 275,000 spectators attended three days of activities last year and the race attracted the largest U.S. F1 television audience of all time, with 3.1 million viewers.
The Miami Grand Prix is held around Hard Rock Stadium in Miami Gardens, home of the Miami Dolphins, the ATP and WTA Miami Open, and seven matches at next year's soccer World Cup.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
How much has World Cup's global party been spoiled already by Trump's tantrums, threats?
Last month, when President Donald Trump was asked about growing tension between the United States and our 2026 World Cup co-hosts, Canada and Mexico, he said with a smile, 'Tensions are a good thing. It'll make it more exciting.' Apparently there is so much tension that it has become plural. Tensions. Hey, the more the merrier. The excitement has ramped up since Trump made that comment. Back then, the tensions involved just those three countries, and just the World Cup. Trump's recently announced travel ban on visitors from 19 countries has added more tensions/excitements. Now we can also tense up excitedly about the Olympics in Los Angeles in 2028 and even the Super Bowl in Santa Clara next year! Events like the Olympics and World Cup are world parties, and what we're doing is rearrange the schedule a bit. We're going to have the hangovers before the parties. Here's an interesting headline from Marca, Spain's daily sports newspaper: 'Trump, FIFA scandals spark movement planning to boycott 2026 World Cup.' Don't mind Spain. They're just cranky because of Trump's 20% tariffs on their exports of olive oil, auto parts and other goods. If only Spain would take a deep breath and remember that Trump's tariff policies change by the hour, so maybe better deals are ahead. Same with the new travel ban. Its effect on fans coming to America for the World Cup and the Olympics, and its implementation, are so vague and unknown that visitors from, say, Spain or Iraq might just have to get on the plane to America and hope for the best. American roulette: Maybe you come and go easily, maybe you accidentally wind up behind bars on Alcatraz. The Marca story says, 'As anger (at Trump and FIFA president Gianni Infantino) mounts, fan groups and some national associations are considering bold measures to demand change — including refusing to play or attend matches hosted in the U.S. unless FIFA addresses governance concerns and Trump's immigration policy is clarified.' Spain might not be the only whiny country. China doesn't seem thrilled with Trump's tariffs. Trump and Russia's Vladimir Putin are slow dancing one day, mud wrestling the next. Canada is steamed about Trump's tariffs and bluster over Canada becoming the 51st state. Will future Olympics and World Cup host countries slap reciprocal travel bans and restrictions on U.S. fans? The tariffs, the travel ban, the broken alliances, the global political and financial chaos, all cast a pall over America's place in global sports. The Super Bowl at Levi's Stadium in February, the World Cup games in California next summer and the L.A. Olympics in 2028 could all be negatively impacted by Trump, who threatens to withhold billions in federal funding, and to levy high fines, because of the state following its own rules to let a high school trans athlete compete in the CIF state track meet. As for the more distant future? The host of the 2038 World Cup likely will be chosen later this year. One actual scenario that has been given credibility is that FIFA could name another set of tri-hosts: New Zealand, Fiji and the U.S. Considering recent developments, what FIFA voter in his/her right mind would send Trump another World Cup? Why would tariff-squeezed New Zealand agree to join hands with America? Crazy stuff, but you have to admit, it's exciting. Tensions up the wazoo. Deeper thoughts and cheaper shots • Rick Carlisle is on his way to NBA sainthood, assuming the requirement is the performance of two miracles. His Pacers' win in the first game of the NBA Finals on Thursday night put Carlisle three wins away from his second miracle. Carlisle coached the Mavericks to a title in 2011 over the heavily favored, LeBron-led Miami Heat superteam, after the Heat took a 2-1 lead. That Mavericks title got Dirk Nowitzki and Jason Kidd their rings. Going into this season, the Pacers had the 15th best odds to win it all (per Basketball Reference). Just saying, maybe the guy's a good coach. • Still the worst idea in basketball since the invention of the Eurostep: The Commissioner's Cup in-season tournament. The WNBA one-ups the NBA by using a different ball for Cup games, a ball with alternating black and white panels instead of the regular fire orange and white. At least they didn't embed blinking lights in the seams. How about: Cut through the gimmicks and make each tournament game win count as 1½ wins? • Let's all thank Brock Purdy for signing that low-ish contract, quickly, thus sparing the San Francisco 49ers the ghastly task of sifting through the pile of discarded quarterbacks, and maybe plucking out Aaron Rodgers. The tinfoil-helmeted veteran agreed to sign with the Pittsburgh Steelers about two weeks after Purdy inked his deal, so it's possible Rodgers was the 49ers' Plan B. But Rodgers is only 41, so maybe he'll stick around the game long enough to get a third shot at a 49ers' job. • Commissioner Adam Silver is starting to talk about NBA expansion. He's not naming names, but others are, and Las Vegas is at the top of most lists. That puts more pressure on A's owner John Fisher to get his ballpark built ASAP, because MLB really wants to beat the NBA to Vegas. The A's say actual construction will begin this month. A's fans in Vegas must be heartened by the fact that the team isn't squandering all its winning luck in West Sacramento.
USA Today
an hour ago
- USA Today
Here's how Stellantis CEO Antonio Filosa can earn up to $23 million annually
Here's how Stellantis CEO Antonio Filosa can earn up to $23 million annually Show Caption Hide Caption Stellantis: Major brands, global reach, challenges for automaker Explore the history of Stellantis, the automotive giant formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group. Stellantis' new CEO Antonio Filosa will earn at least $4 million annually in his first two years at the helm, rising to up to $23 million a year from 2028, including bonuses, a document showed, although his remuneration will be lower than predecessor Carlos Tavares. Filosa officially becomes CEO of the owner of brands such as Chrysler, Peugeot and Jeep at the end of this month, tasked with turning around the carmaker's performance and recovering lost U.S. market share. He will receive an annual base pay of $1.8 million, a company document issued ahead of a July 18 extraordinary general meeting showed, just below the 2 million euros ($2.3 million) granted to his predecessor Tavares. On top of his starting salary, Filosa will pocket annual bonuses worth up to 400% of his base pay, based on the achievement of financial and business plan objectives set out by the company. Note to the next Stellantis CEO: Your first order of business, kill these 4 brands Filosa, formerly Stellantis' North American chief, will also be granted shares as long-term incentives (LTI), based on the company's performance, starting from up to 500% of his salary this year and up to a maximum of 780% from 2027. Until the potential LTIs are paid, in 2028, the company will provide the top manager a cash award of $1.2 million each year. Tavares, who abruptly resigned as CEO last December due to disagreements with the board over strategy, pocketed a final 35 million euro compensation package, despite a dramatic plunge in sales and profit and broken relationships with suppliers, dealers and investors. In 2023, when Stellantis reported record results, Tavares earned a total of 36.5 million euros. Filosa will also benefit from the company's U.S. health care and retirement plans and tax equalization benefits, as well as having access to other fringe benefits such as the personal use of the company's aircraft and vehicles, personal security and annual medical checkups. Filosa's term will be for five years, "to ensure leadership stability and maximize the ability of the company to respond effectively to profound and prolonged industry change," according to the document. Filosa will be appointed an executive board member at the July 18 EGM. Tavares was also appointed CEO for five years but left after just under four years. ($1 = 0.8763 euros) Reporting by Giulia Segreti and Giulio Piovaccari; Editing by Susan Fenton
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Will visa delays and border fears keep international fans away from the Club World Cup in the US?
As the United States readies for the FIFA Club World Cup, concern over such things as international travel, fan safety and even economic uncertainty threaten to diminish enthusiasm for the tournament. The United States will see the arrival of 32 professional club teams from around the globe to 11 cities for the tournament. There's a $1 billion prize pool. The Club World Cup is considered in many ways to be a dress rehearsal for the big event, the 2026 World Cup to be hosted by the United States, Canada and Mexico. But there seems to be little buzz for the Club World Cup at home or abroad. The expansion of the field from seven to 32 teams has diminished the exclusivity of the event, and ticket sales appear slow. At the same time, the tournament is being played amid reports of foreign tourists being detained and visa processing delays. Chaotic U.S. Immigration and Customs Enforcement activities and President Donald Trump's travel bans aren't exactly reassuring international fans, either. Wary travelers, visa woes Trump's policies appear to have already impacted travelers. The National Travel and Tourism Office released data showing visitors to the U.S. from foreign countries fell 9.7% in March compared to the same month last year. The travel forecasting company Tourism Economics has predicted that international arrivals would decline 9.4% this year. The U.S. Travel Association, a nonprofit group that represents the travel industry, has urged the Trump administration to improve such things as visa processing and customs wait times ahead of a series of big sporting events on U.S. soil, including the Club World Cup beginning June 14, the Ryder Cup later this year, next summer's World Cup, and the 2028 Los Angeles Olympics. Association President Geoff Freeman said, for example, that the wait in Colombia for a visa interview appointment is upwards of 18 months — already putting the 2026 World Cup out of reach for some travelers. He said his organization is working with the White House's World Cup Task Force to address issues. 'They (the task force) recognize how important this event is: success is the only option. So we're eager to work with them to do whatever it is we need to do to ensure that we can welcome the millions of incremental visitors that we think are possible," Freeman said. "But these underlying issues of visa and customs, we've got to address.' Secretary of State Marco Rubio, speaking at a House Committee on Foreign Affairs hearing last month, suggested consular staff could be put on longer shifts and that artificial intelligence could be used to process visas. 'We want it to be a success. It's a priority for the president,' said Rubio. But the Trump administration may have added to the concerns for international visitors by issuing a ban on travelers from 12 countries, with restrictions on travel from nine more countries. Iran, one of the countries named, has qualified for the World Cup. The proclamation included an exemption for 'any athlete or member of an athletic team, including coaches, persons performing a necessary support role, and immediate relatives, traveling for the World Cup, Olympics, or other major sporting event as determined by the secretary of state.' It did not mention fans. Fan fears There are signs current immigration policies were already impacting soccer fans and spurring worries over safety. A Latin American supporters group in Nashville stayed away from a recent Major League Soccer game because of ICE activity in the city. The city's Geodis Park is set to host three Club World Cup matches. Danny Navarro, who offers travel advice to followers on his social media platforms under the moniker TravelFutbolFan, said the World Cup Task Force announcement did not allay fears about travel, especially when Vice President JD Vance said, 'We want them to come. We want them to celebrate. We want them to watch the game. But when the time is up, they'll have to go home. Otherwise, they'll have to talk to (Homeland Security) Secretary (Kristi) Noem.' That insinuated fans visiting the United States for the World Cup could use it to stay in the country, which is nonsensical, Navarro maintained. For many countries, fans traveling to the World Cup — an expensive travel plan with hiked flight and hotel prices — are broadly viewed as higher-spending and lower-risk for host nation security planning. Navarro put the onus on FIFA. 'They must know that there is an anxiety among international travelers wanting to come in. They must know there's an anxiety among the U.S. fan base that is multicultural and wanting to go to all these places. Are they going to? Are they going to be harassed by ICE?' Navarro said. 'There is just a lot of uncertainty, I would say, too much uncertainty, that the fan base doesn't want to think about." If you build it, will they come? It remains to be seen how outside factors will ultimately impact the Club World Cup, which is not the global spectacle or draw that the World Cup is. Ticket sales, which were based on a dynamic pricing model, appear to be slow, with lowered prices from earlier this year and a slew of recent promotions. For a match between Paris Saint-Germain and Botafogo at the Rose Bowl on June 19, there were wide swaths of available seats going for $33.45. FIFA created an incentive program that says fans who buy two or more tickets to the Club World Cup 'may' be guaranteed the right to purchase one ticket to the World Cup next summer. Navarro said economic uncertainty and fears of inflation may make fans hesitant to spend their money on the Club World Cup — when the more desirable World Cup is looming. In some host cities, there's little sign the Club World Cup is happening. A light rail station in Seattle had a lone sign advertising the event. The Seattle Sounders are among the teams playing in the tournament. Hans Hobson, executive director of the Tennessee State Soccer Association, suggested part of the problem is that, unlike the national teams that play in the World Cup, some of the club teams playing in Nashville are just not known to U.S. fans. 'It's not leagues that they watch. If it was the Premier League or the Bundesliga or something like that, then they'd go, 'Oh, I know players there. Let's go check it out,' Hobson said. There were tickets available to LAFC's match against Esperance Sportive de Tunisie in Nashville on June 20 for $24.45. FIFA President Gianni Infantino has traveled to several host cities to gin up enthusiasm. He has promised "the world will be welcomed.' But some say the United States isn't exactly rolling out the red carpet for visitors in the current climate. 'I could see trepidation for anyone looking to travel to the U.S. at this current political climate,' said Canadian national team coach Jesse Marsch. 'So it's a sad thing, I think, that we have to talk about visiting the U.S. in this way but I think everybody has to make decisions that are best for them and that fit best with what's going on in their life and their lifestyle.' ___
