Formula 1 and the Miami Grand Prix organizers have announced a significant 10-year contract extension, ensuring the event remains a fixture on the F1 calendar until at least 2041.
The circuit already held an agreement set to expire at the close of 2031. However, ahead of this weekend`s upcoming race – the fourth running of the event since its debut in 2022 – organizers have successfully negotiated this new long-term deal.
The United States currently hosts two other F1 races, in Austin and Las Vegas, reflecting the sport`s continued expansion and growing popularity across the nation.
While the contract for the Las Vegas race is set to conclude at the end of the current year, organizers there are optimistic about securing a renewal. The race in Austin holds a contract valid until 2032.
Miami`s newly signed agreement stands out as the longest contract for any current F1 race, marking the first time an event is secured into the 2040s.
Stefano Domenicali, President of Formula 1, commented: “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.”
He added, “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. Miami is not only an extraordinary city, but also a truly global sporting hub, energetic, dynamic and culturally vibrant. All this would not have been possible without the far-sighted vision and tireless commitment of Stephen Ross and Tom Garfinkel, to whom I extend my sincere gratitude for the leadership, support and dedication with which they have helped transform the Miami Grand Prix into a world-class event.”
Tom Garfinkel, Managing Partner of the Miami Grand Prix and CEO of the Miami Dolphins and Hard Rock Stadium (around which the F1 track is built), stated: “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.”
He continued, “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. 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.”
