Forward of this weekend’s Floridian race, Formulation 1 has introduced that the Miami Grand Prix will stay on the calendar by way of 2041, following a 10-year extension to its current settlement with the promoter South Florida Motorsports.
Though the Miami Grand Prix nonetheless had an current contract for the approaching 12 months, Formulation One has introduced a brand new cope with promoter South Florida Motorsports which can make the Miami Grand Prix the longest contracted race on the Formulation 1 calendar.
The Miami Grand Prix joined the F1 calendar in 2022, and established itself as one of the crucial spectacular occasions on the schedule.
The race has made a major impression on the native financial system and neighborhood, producing greater than US$1 billion in financial impression throughout its first three years. The race organisers have additionally established internship programmes, labored with native charities, and promoted home-grown companies every year to make sure that the legacy of the race is felt within the native space.
As well as, South Florida Motorsports was named 2024 Formulation 1 Promoter of the 12 months in recognition of its excellent supply of the Grand Prix.
The 2024 race noticed a circuit report of 275,000 followers attend the Miami Worldwide Autodrome throughout the weekend to see McLaren’s Lando Norris take his first Grand Prix victory, in addition to Abbi Pulling safe back-to-back race victories in F1 Academy. The Grand Prix attracted the biggest US tv viewers of all time, with 3.1 million viewers tuning in to observe the motion.
Dancing across the Miami chicanes 💃#F1 #MiamiGP pic.twitter.com/nsaQRRmWer
— Formulation 1 (@F1) May 2, 2025
Commenting on the announcement, Formulation One’s President and CEO Stefano Domenicali famous: “In simply three years, the Miami Grand Prix has established itself as one of the crucial essential and spectacular occasions on our calendar, a rare instance of high quality and imaginative and prescient that actually represents the spirit and ambition of Formulation 1 in america.
“Extending this settlement till 2041 is a strategic milestone of huge significance, which strengthens our presence in America and consolidates the ever-deepening bond with our fan base there, which is consistently rising and passionate like by no means earlier than.
“Miami is just not solely a rare metropolis, but in addition a very world sporting hub, energetic, dynamic and culturally vibrant. All this might not have been doable with out the far-sighted imaginative and prescient and tireless dedication of Stephen Ross and Tom Garfinkel, to whom I prolong my honest gratitude for the management, assist and dedication with which they’ve helped rework the Miami Grand Prix right into a world-class occasion.”
Reflecting on the record-breaking contract extension, the Miami Grand Prix’s Managing Director Tom Garfinkel stated: “Securing a 10-year extension with Formulation 1 by way of 2041 is a rare milestone for all of us at South Florida Motorsports and a real testomony to the arduous work of our group, the energy of our partnerships, the assist of our neighborhood and the expansion of the game in america.
“To have been granted this extension after solely our third occasion speaks to what we’ve got felt from the very starting – the Miami Grand Prix is right here to remain.
“I need to thank Stefano Domenicali and Formulation 1 for believing in our imaginative and prescient, in addition to Stephen Ross for his funding and dedication to rising this occasion. From day one, our purpose has been to create a world-class race that additionally displays the spirit of Miami — vibrant, inclusive and culturally important.
“This long-term dedication permits us to proceed innovating, investing within the fan expertise and deepening our impression throughout South Florida.”
