Miami Grand Prix Extends F1 Stay with Long-Term Deal Through 2041

Sports news » Miami Grand Prix Extends F1 Stay with Long-Term Deal Through 2041

4 months ago 71

Formula 1 has announced a significant 10-year contract extension with the Miami Grand Prix, guaranteeing the event`s presence on the F calendar until at least 2041.

Miami`s previous agreement was set to run out at the end of 2031. However, organizers successfully negotiated this new, lengthy contract just ahead of this weekend`s race, which represents the fourth edition of the event since its debut in 2022.

F1 continues to see growth in the United States, which is also home to two other races in Austin and Las Vegas.

While the contract for the Las Vegas race concludes at the end of the current year (though organizers are optimistic about a renewal), Austin`s deal is secured until 2032. The new agreement for the Miami Grand Prix is notable as the longest contract for any current F1 race, uniquely extending into the 2040s.

F1 President Stefano Domenicali commented on the extension, stating, “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.”

“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,” Domenicali added. He also praised Miami as “not only an extraordinary city, but also a truly global sporting hub, energetic, dynamic and culturally vibrant,” and thanked Stephen Ross and Tom Garfinkel for their crucial roles in making the event a success.

Tom Garfinkel, the managing partner of the Miami Grand Prix and CEO of the Miami Dolphins and Hard Rock Stadium (where the circuit is located), also expressed his enthusiasm. “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,” Garfinkel said.

He continued, “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. 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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