The Miami Grand Prix was initially set to run through only 2031. However, in this season of contract extension, where multiple Grand Prix have seen extension in their running period, the Miami Grand Prix has also approached its future beyond 2031. The uncertainty of the event was relaxed by an announcement of a 10-year extension, ensuring the event will stay in the F1 calendar at least until 2041, which is also the longest contract for any Grand Prix in F1.
Stefano Domenicali On Contract Entension
CEO of F1, Stefano Domenicali, said, “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,” he added
Growing Populaity Of The Miami Grand Prix
Since its debut in 2022, the Miami Grand Prix has become a fan favourite. The event is held around the Hard Rock Stadium and has drawn massive crowds and record-breaking audiences. In 2024, the event attracted the largest US live audience in F1 history, with 3.1 million viewers. Needless to say, the race now holds a special place in the hearts of the US audience, hence the extension.
Tom Garfinkel Thanks Stefano Domenicali
Tom Garfinkel, the managing partner of the Miami Grand Prix shared his excitement and said, “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.”
He further thanked Stefano Domenicali and said, “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.”
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