The Miami Grand Prix became the longest contracted race on the Formula 1 calendar after a 10-year extension solidified its position until 2041.
The race at Hard Rock Stadium held its first event in 2022, becoming one of the regular sprint weekends in the schedule, welcoming more than 150,000 fans in last year’s edition. The race organizers say it created more than $1 billion in economic impact in the first three years. Previous contracts were set to expire at the turn of the 10-year period, so they remain on the schedule for at least 16 years.
“In just three years, the Miami Grand Prix has established itself as one of the most important and epic events on our calendar, an extraordinary example of quality and vision that truly represents the spirit and ambitions of the US Formula 1.” “Extending this contract until 2041 is a very important strategic milestone that will strengthen our presence in America and strengthen our constant, deep bond with our fanbase there.
“Miami is not only an extraordinary city, but a truly global sporting hub, energetic, dynamic and culturally vibrant. All this was not possible without my vision of hyperopia and tireless commitment to helping Miami Grande, to support my leadership, to support my leadership, to support my leadership, to support my leadership, to support my leadership, to help my vision of hyperopia and tireless commitment.
Miami was the second American race to take part in the schedule after an existing event at Austin’s Circuit of the Americas, and Las Vegas was then joined by the sport to attract three times throughout the year to solidify its growth.
“Securing a 10-year extension from Formula 1 to 2041 is an extraordinary milestone for all of us at South Florida Motorsports and is a true testament to the hard work of our teams, the strength of our partnerships, the support of our community and the growth of our sport in the US,” Garfinkel said. “After talking about what only the third event felt from the start, the Miami Grand Prix will remain here because we were approved for this extension.
“We would like to thank Stefano Domenicali and Formula 1 for their belief in our vision, and for Stephen Ross for their investment and commitment to the growth of this event. From day one, our goal is to create a world-class race that will create the Miami spirit.
Miami joined Mexico City this week to announce a contract extension, and both have held permanent positions after the Belgian Grand Prix switch.