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 »
4y 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,...
4y 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...
4y 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...
4y 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...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez to miss next two MotoGP rounds after...
No description available...
17h ago from Motorsport.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
4d ago from Motorsport.com
Alex Rins fears MotoGP riders without Ducatis are...
Alex Rins believes MotoGP riders without Ducati machinery are often...
20h ago from MotorsportWeek.c...
Monster to become Aprilia's title sponsor in MotoGP...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Alexander Rossi cleared for Indy 500 following surgery
Alexander Rossi has been given the all clear to participate in the...
9h ago from MotorsportWeek.c...
Alexander Rossi cleared to race in Indy 500, says...
No description available...
8h ago from Motorsport.com
Josef Newgarden not worried about race pace after...
No description available...
11h ago from Motorsport.com
Why Pato O'Ward's backup Indy 500 chassis could be a...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
1d ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
3d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
1w ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'There are conversations ongoing': Romano reveals...
Arsenal have managed to win the Premier League title after 22 years, and...
11h ago from CaughtOffside.com
Arsenal targeting £45m Premier League star with 15...
Arsenal are looking to sign the Manchester City midfielder Tijjani...
9h ago from CaughtOffside.com
‘Noni Madueke was rapping the whole night’: inside...
t;li>Arsenal fan Daniel Bull was in Mayfair nightclub Tape ‘I was...
10h ago from TheGuardian.com
Arsenal and Manchester United chasing boyhood Gunners...
Arsenal and Manchester United are interested in signing the Sporting CP...
13h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton issues remarkable career timeline after...
Lewis Hamilton is testing a theory in the... Read More »
47m ago from RacingNews365.com
F1 News Today: Max Verstappen 2027 green light as...
F1 superstar Max Verstappen is said to have been... Read More »
37m ago from GPFans.com
Start time of 2026 F1 Canadian Grand Prix Sprint Qualifying...
Find out the start time for 2026 F1 Canadian... Read More »
2h ago from RacingNews365.com
