Formula 1 has announced a significant 10-year contract extension for the Miami Grand Prix, ensuring its place on the F1 calendar through at least 2041.
The Miami race previously had an agreement set to expire at the end of 2031. However, circuit organizers have now secured this new, longer contract just ahead of this weekend`s event, which is the fourth edition of the race since it was first added to the schedule in 2022.
This extension underscores F1`s expanding footprint in the United States, which is currently home to two other races: the United States Grand Prix in Austin and the Las Vegas Grand Prix.
While the current contract for the Las Vegas race concludes at the end of this year (though organizers are confident of a renewal) and Austin`s deal runs until 2032, Miami`s newly signed contract represents a significant benchmark.
Running until 2041, Miami`s new agreement is now the longest active contract for any event on the Formula 1 calendar, extending its presence into the 2040s.
“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,” said F1 president Stefano Domenicali. “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 the Hard Rock Stadium, where the F1 track is located, added: “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. 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.”
Marcus Prine