Formula 1 announced the extension of the Miami Grand Prix contract until 2041, adding an additional ten years to the ten -year -old initial agreement signed during the introduction of the race in 2022. This extension made the Miami Grand Prix the most sustainable event on the Current F1 calendar.
The announcement was made on Friday May 2, 2025, just before the only free test session, by Stefano Domenicali, Chairman and CEO of F1, and Tom Garfinkel, CEO of South Florida Motorsports and CEO of Miami Dolphins. The Miami Grand Prix circuit takes place around the Hard Rock Stadium in Miami Gardens.
“In just three years, the Miami Grand Prix has established itself as one of the most important and spectacular events on our calendar”said Stefano Domenicali. “Extending this agreement until 2041 is a strategic step of enormous importance, which strengthens our presence in America and consolidates the ever-deep link with our fans’ base there, which is constantly growing and passionate like never before. »»
A significant economic impact for the region
Since its first edition in 2022, the Miami Grand Prix has generated more than $ 1 billion in economic impact for the South Florida region. The 2024 edition attracted 275,000 spectators over the weekend and set a television audience record in the United States with 3.1 million viewers.
-Tom Garfinkel stressed that this extension will make it possible to invest more in the event and the facilities, with the potential to transform the Hard Rock Stadium complex into a major pole of motorsport.
“Obtaining a 10 -year extension with Formula 1 until 2041 is an extraordinary step for all of us at South Florida Motorsports”said Garfinkel. “This long -term commitment allows us to continue to innovate, to invest in the experience of fans and to deepen our impact across the south of Florida. »» Among the investments, we can note the construction of a building dedicated to the paddock.
A strategy of expansion on the American market
With this extension, Miami joins Austin and Las Vegas as one of the three Formula 1 races organized in the United States. This decision is part of the Liberty Media strategy, owner of the F1, aimed at strengthening the presence of sport on the American market, in particular thanks to the success of the series Netflix Drive to Survive And the anticipation of the film on F1 with Brad Pitt planned for next month.
The extension of the Miami Grand Prix until 2041 testifies to the commitment of Formula 1 to develop its fans base in the United States and to offer world-class events that reflect the vibrant and inclusive spirit of Miami.
