News Details
Miami GP boss admits shock financial loss
May 12 Top race executive Tom Garfinkel admits the otherwise popular and celebrity-fuelled inaugural Miami GP actually lost money. In fact, he says the losses were greater than were actually anticipated, even though he doesn't regret spending big to put the new street event on the map. 'If you'd asked me six months ago, I would have expected the event to make money given how revenue has been going,' Garfinkel, also boss of the Miami Dolphins and the Hard Rock Stadium, is quoted by Sky Deutschland. 'But if you look at expenses, we're not going to make any money this year.' He admits it's a blow, but insisted that by no means will it jeopardise Miami's new place on the Formula 1 calendar,...
Full Story »
Full Story »
3y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Steiner: 'Nobody else to blame than ourselves' for...
Guenther Steiner cast an unhappy figure after Sunday's Miami Grand Prix,...
3y ago from F1i.com
Light rain fall just before the race in Miami
It was kind of predicted all week, but an hour prior to the Miami Grand...
3y ago from GPBlog.com
Miami Takeaways: A great show but a pity about the race
The inaugural Miami Grand Prix was a one of the most hyped events on the...
3y ago from GrandPrix247.com
F1 to rock the Magic City with first Miami Grand Prix
Red Bull's Formula 1 World Champion Max Verstappen can take another big...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez assesses his Ducati future beyond 2026...
Nine-time MotoGP champion Marc Marquez will be a key figure in the rider...
17h ago from MotorsportWeek.c...
MotoGP 2026: Team launches and pre-season testing...
No description available...
21h ago from Motorsport.com
Aleix Espargaro quits pro cycling after injuries...
No description available...
1d ago from Motorsport.com
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
1d ago from MotorsportWeek.c...
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
2d ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier pays tribute to WRC rival that...
No description available...
1d ago from Motorsport.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
5d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal preparing aggressive effort to sign...
Arsenal are reportedly preparing to make an aggressive effort to push Real...
1h ago from CaughtOffside.com
City stumble at the Stadium of Light
Morning all. 2026 began well for Arsenal without Arsenal having to do...
1h ago from Arseblog.com
AFCON 2025: Pierre-Emerick Aubameyang banned, coaching...
The Gabon government has suspended the men's national team, banning...
2h ago from SportsKeeda.com
Tactics Column: Aggressive press and Hincapie tweak...
A game of two halves? Not quite. Arsenal finished 2025 with a resounding...
8h ago from Arseblog.com
Comments
Hottest News
Parc Ferme: Formula 1’s 2025 best and worst performers Pt...
There’s been plenty of mainstream opinions... Read More »
49m ago from GrandPrix247.com
Mercedes to dominate F1 again? Toto Wolff admits team...
Mercedes F1 boss Toto Wolff has provided an... Read More »
49m ago from GPFans.com
'I make the rules!' New F1 champ Lando Norris puts foot...
Newly crowned F1 champion Lando Norris took on... Read More »
1h ago from GPFans.com
