News Details

Miami boss surprised by inaugural event's financial loss

Despite the hype, the inaugural Miami Grand Prix was a loss maker, much to the surprise of co-promoter Tom Garfinkel. Garfinkel, billionaire CEO of the Miami Dolphins and Hard Rock Stadium, co-promoted the event with Liberty Media, and with the event having sold-out - in every sense – in days, it was expected to generate a profit. However, this proved not to be the case. Despite the support of the media, Miami-based Motorsport Network publishing endless articles eulogising the event before a wheel had even turned, the event came under fierce criticism from fans and drivers alike, while even many of the celebrities are understood to have been less than impressed, as were fans who...
Full Story »
1y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Did the Miami Grand Prix live up to its hype?

The Miami Grand Prix was hot, from the party scene to the weather, but it...
1y ago from GrandPrix247.com

Brundle: Never known so much hype and excitement...

A little over a year ago the Miami Grand Prix was a dream, this weekend...
1y ago from GrandPrix247.com

Miami GP boss undeterred by maiden event's financial...

Despite a three-day sell-out, Miami's maiden F1 Grand Prix will record an...
1y ago from F1i.com

Miami Grand Prix: Masterful Verstappen beats Leclerc

Max Verstappen won the first Miami Grand Prix with a dominant victory...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Popular On GunnersToday.com

Transfer news: Arsenal eye LB, shock Bruno Guimaraes...

This article was originally published on Fabrizio Romano’s Daily...
1h ago from CaughtOffside.com

Manchester United 'join Arsenal, Chelsea in race for...

Manchester United are reportedly in the race to sign Sporting Lisbon's...
1h ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.