Latest news with #WTAMiamiOpen
Forbes
02-05-2025
- Automotive
- Forbes
Miami Grand Prix Signs 10-Year Extension With Formula 1 Until 2041
MIAMI, FLORIDA - MAY 02: Oscar Piastri of Australia driving the (81) McLaren MCL39 Mercedes on track ... More during practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 02, 2025 in Miami, Florida. (Photo by) Miami welcomes back Formula 1 this weekend and will continue to be a regular fixture on the calendar until 2041 least. Formula 1 announced on Friday that it had signed a 10-year extension with promoter South Florida Motorsports, which has organized the race since the sport first arrived in South Beach three years ago. The current deal was due to expire at the end of 2031 and the new extension makes Miami the longest contracted event on the calendar. '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 US," Tom Garfinkel, Managing Partner of the Miami Grand Prix, said in a statement. '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.' Miami became the second US track on the Formula 1 calendar in 2022, when it joined Austin, which has been the home of the US Grand Prix since 2012. A year after its first foray in South Florida, Formula 1 added a third race in the US with Las Vegas making its debut. And in just three years, the Miami Grand Prix has become one of the showpiece events on the Formula 1 calendar. Built around the Hard Rock Stadium in Miami Gardens, the home of the Miami Dolphins, the 5.41km track makes for some spectacular racing with 19 corners connecting three straights. The Hard Rock Stadium, which is also the stage of the ATP and WTA Miami Open, will host seven matches at next year's FIFA World Cup. MIAMI, FLORIDA - MAY 05: Sergio Perez of Mexico driving the (11) Oracle Red Bull Racing RB20 leads ... More Lando Norris of Great Britain driving the (4) McLaren MCL38 Mercedes on track during the F1 Grand Prix of Miami at Miami International Autodrome on May 05, 2024 in Miami, Florida. (Photo by) Miami has also proved a huge commercial success as Formula 1 continues to grow its profile in America on the back of Netflix's Drive to Survive series. Last year, a record 275,000 fans attended the race weekend in Miami, with the Grand Prix attracting the largest US television audience in history, with 3.1 million viewers tuning in to follow the action. By comparison, 430,000 fans flocked to Austin across three days and 306,000 spectators passed through the turnstiles in Vegas over the weekend. According to Formula 1 figures, the race has generated more than $1bn in economic impact since its debut. '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 US," 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." News of the Miami Grand Prix's extension comes just days after Mexico City secured its presence on the calendar until 2028 at least. The race signed a new three-year deal with Formula 1, ending uncertainty over whether it would retain its spot after local hero Sergio Perez was dropped by Red Bull at the end of last season. The 35-year-old parted ways with the Milton Keynes-based team a year earlier than expected after a dismal year, casting doubts over whether the Grand Prix, which returned to the calendar in 2015, would continue. The race at the Autodromo Hermanos Rodriguez, which hosted the Mexican Grand Prix between 1986 and 1992 prior to a 22-year absence, is routinely home to one of the most enthusiastic crowds on the calendar. It has also secured significant political and financial support in the shape of Claudia Sheinbaum, the current Mexico president and a former mayor of Mexico City, and billionaire businessman Carlos Slim Domit. 'Every year the unique atmosphere created by our fans in Mexico City is one of the most incredible and energetic experiences of our championship,' Domenicali said. "We look forward to continuing this extraordinary collaboration together and seeing the incredible enthusiasm of the Mexican fans again in October."
San Francisco Chronicle
02-05-2025
- Automotive
- San Francisco Chronicle
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.
Hamilton Spectator
02-05-2025
- Automotive
- Hamilton Spectator
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. ___ AP auto racing:
