Formula 1 has announced a significant development for the Miami Grand Prix, confirming a new 10-year contract extension that guarantees the event will remain on the F1 calendar through at least 2041.
The Miami race`s previous agreement was set to conclude at the end of the 2031 season. However, organizers successfully negotiated this extensive new contract just ahead of this weekend`s race, which represents the fourth running of the event since its inauguration in 2022.
This move further solidifies F1`s presence in the United States, which also hosts races in Austin and Las Vegas, underscoring the sport`s increasing popularity across the country.
While Las Vegas`s current contract is due to expire at the end of this year (with organizers reportedly confident of a renewal) and Austin`s deal runs until 2032, Miami`s newly signed contract stands out as the longest for any F1 circuit, extending the event`s tenure into the 2040s.
F1 president Stefano Domenicali 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.”
Domenicali also praised the city and its organizers: “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 (which the track encircles), shared his perspective:
“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,” Garfinkel stated, expressing confidence in the event`s future.
He concluded: “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.”
Wesley Dunham 
Gilbert Pendleton