Formula One has announced a long-term renewal of its partnership with South Florida Motorsports, which will see the Miami Grand Prix remain on the F1 calendar until 2041—a ten-year extension to the previous agreement.
The deal makes the Miami race the “longest contracted event on the F1 calendar.”
The Miami GP made its F1 debut in 2022, becoming the second race held in the US at the time. South Florida Motorsports went on to win the Formula One Promoter of the Year award in 2024.
The partnership has boosted the local economy and community, generating more than US$1 billion in economic impact in the first three years of the race being on the calendar.
Stefano Domenicali, President and CEO of Formula One, commented:
“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. 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.“
Tom Garfinkel, Managing Partner of the FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX, added:
“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. 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.“
Leave a Reply