F1 sets record with new contract

The Miami Grand Prix will remain on the F1 calendar until at least 2041, after the two parties reached terms for an extension on its existing agreement.

Already due to run until 2031, the race in Florida has seen an extra 10 years added to that deal. It first debuted on the F1 schedule in 2022.

In doing so, it becomes the round with the longest contract, surpassing the Australian Grand Prix, which will run until at least 2037.

It is also the first venue in F1 to be confirmed beyond 2040, with the race in the Sunshine State the following season coming in the 92nd year of the championship.

Since 2024, the round at the Miami International Autodrome - which snakes around the Hard Rock Stadium, home of the NFL's Miami Dolphins - has been a sprint weekend. It has also been part of the F1 Academy calendar from the same year.

More to follow. 

Reacting to the news, F1 president and CEO Stefano Domenicali labelled the announcement as "a strategic milestone of enormous importance."

"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 said.

"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 Garkinfel, the managing partner of the Miami GP felt the announcement of the 10-year extension meant Miami "was here to stay."

"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 said.

"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."