Components 1 Extends Miami Grand Prix Till 2041 in Landmark Deal, Securing Lengthy-Time period Future within the US
Components 1 has formally confirmed a serious extension for the Miami Grand Prix, which is able to now stay on the calendar till a minimum of 2041. This new 10-year contract, signed with South Florida Motorsports, provides to the prevailing settlement and positions Miami because the longest-tenured race at present confirmed on the F1 calendar.
Since its debut in 2022, the Miami Grand Prix has quickly change into probably the most high-profile occasions in world motorsport. Drawing in followers from throughout the USA and around the globe, the race has blended top-tier racing motion with an leisure spectacle that displays the colourful tradition of Miami. The occasion has been broadly praised for delivering a premium fan expertise each on and off the monitor.
The race has additionally made a considerable contribution to the regional financial system and neighborhood growth. Over its first three editions, the Grand Prix generated over $1 billion in financial affect for South Florida. Organizers have taken an energetic function in giving again, growing internship packages, collaborating with native charities, and spotlighting native companies to make sure that the race creates a significant and lasting legacy within the space.
South Florida Motorsports was named Components 1’s Promoter of the Yr for 2024, in recognition of its dedication to excellence and for constantly delivering a world-class occasion that resonates with followers and stakeholders alike.
Components 1 President and CEO Stefano Domenicali commented that inside simply three years, the Miami Grand Prix had already secured its place as one of many championship’s standout races. He emphasised that the extension by means of 2041 marks a strategic milestone for F1, reinforcing its presence within the U.S. and additional strengthening ties with a quickly rising American fan base. Domenicali highlighted Miami as not solely an iconic worldwide metropolis, but in addition an brisk, culturally wealthy hub that completely encapsulates the ambition of Components 1’s growth within the area. He credited the imaginative and prescient and dedication of Stephen Ross and Tom Garfinkel as instrumental in remodeling the occasion into a worldwide benchmark for excellence.
Tom Garfinkel, Managing Accomplice of the Components 1 Crypto.com Miami Grand Prix, described the 10-year extension as a serious achievement for the South Florida Motorsports workforce. He cited the collaborative effort, sturdy partnerships, and unwavering assist from the local people as key elements behind the occasion’s fast success. Garfinkel famous that securing such a long-term settlement after solely three editions of the race was a transparent indication that the Miami Grand Prix had established itself as a everlasting fixture on the calendar.
Garfinkel additionally acknowledged the continuing assist of Components 1 and Stefano Domenicali, in addition to the funding and imaginative and prescient of Stephen Ross. He reiterated the workforce’s unique mission: to ship a world-class sporting occasion that embodies the essence of Miami — dynamic, inclusive, and culturally important. He added that this long-term dedication will enable for continued innovation and deeper neighborhood engagement throughout South Florida.
The 2024 version of the race drew a record-breaking 275,000 followers to the Miami Worldwide Autodrome, situated across the iconic Onerous Rock Stadium in Miami Gardens. It was a weekend to recollect, as McLaren’s Lando Norris claimed his maiden Components 1 victory, whereas Abbi Pulling secured consecutive wins within the F1 Academy collection.
The occasion additionally made waves within the broadcasting enviornment, delivering the most important American tv viewers in Components 1 historical past, with 3.1 million viewers tuning in for the weekend’s motion.
The Miami Worldwide Autodrome itself has change into a standout characteristic of the calendar. The 5.41-kilometer circuit contains 19 corners and three lengthy straights, permitting for prime speeds of as much as 320 km/h. Set towards the backdrop of a venue that additionally hosts the NFL’s Miami Dolphins, the Miami Open tennis tournaments, and a number of other 2026 FIFA World Cup matches, the monitor represents a singular fusion of sporting status and state-of-the-art racing infrastructure.
After Max Verstappen gained the primary two editions of the Miami Grand Prix in 2022 and 2023, Lando Norris grew to become the occasion’s third victor in 2024, including one other layer of drama and pleasure to a race that continues to develop in stature and recognition.
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