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
KTM riders say top speed advantage has disappeared in...
No description available...
16h ago from Motorsport.com
What the concessions system will look like in MotoGP's...
No description available...
20h ago from Motorsport.com
Pedro Acosta explains what KTM needs to close the gap...
No description available...
1d ago from Motorsport.com
The weakness behind Marco Bezzecchi’s dominant...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Long Beach – Qualifying Results
A slightly modified format was in play for IndyCar’s Long Beach...
7h ago from MotorsportWeek.c...
Felix Rosenqvist hopes Long Beach pole kickstarts...
No description available...
5h ago from Motorsport.com
Felix Rosenqvist secures IndyCar pole at Long Beach
25 cars rolled out on the historic Long Beach street circuit Saturday...
7h ago from MotorsportWeek.c...
Felix Rosenqvist beats Pato O’Ward to Long Beach...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
1d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
1d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
European giants eyeing up summer move for Arsenal star...
Ligue 1 giants Paris Saint-Germain (PSG) are reportedly interested in...
43m ago from SportsKeeda.com
Sources: Arsenal and Chelsea could submit 'creative...
Lucas Bergvall is being linked with a move away from Tottenham Hotspur at...
2h ago from CaughtOffside.com
*gulp*
Morning everyone. I was at a party last night and, understandably, a lot...
13m ago from Arseblog.com
Manchester City vs Arsenal: Six things to watch in...
This is the big one – it's Manchester City vs Arsenal at the Etihad...
10h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen Nurburgring Results: NLS 5 Qualifying times...
F1 champion Max Verstappen returns to the... Read More »
1h ago from GPFans.com
Max Verstappen rival has racing licence revoked at...
Stewards from the DMSB had to take decisive... Read More »
43m ago from GPFans.com
Max Verstappen Nurburgring Results: NLS5 Top Qualifying...
F1 champion Max Verstappen returns to the... Read More »
1h ago from GPFans.com
