• Loading stock data...
Saturday, May 18, 2024

F1 Remains Hot With a $10B Offer and Dozens of Interested New Race Hosts

  • Stephen Ross, owner of the Miami GP, reportedly entertained a bid for the race.
  • F1’s CEO said 35 venues have inquired about getting a race.

Before Red Bull, Max Verstappen, and tens of thousands of racing fans begin to take over South Florida for this weekend’s Miami Grand Prix, one thing is clear: Everyone wants a piece of Formula One. 

Dolphins owner Stephen Ross, who also owns the Miami F1 race and the venue that hosts it, Hard Rock Stadium, is said to have recently entertained a $10 billion offer for control of those sporting assets, according to USA Today. Ross declined the offer, per the report. It’s unclear what the individual values of the Dolphins, Miami GP, and Hard Rock Stadium would have been in that deal.

Meanwhile, F1 CEO Stefano Domenicali said that, despite the sport already reaching its maximum of 24 races per year, more than 35 new venues have shown interest in hosting a race, with 11 being formidable contenders. “Seriously, the request is very, very big,” Domenicali told ESPN. Those markets might include U.S. cities Chicago and New York, as well as international destinations like South Korea, Thailand, China, South Africa, Rwanda, Malaysia, and India, per ESPN. Domenicali said not to expect a fourth race in the U.S., in addition to Miami, Austin, and Las Vegas.

A Hot Commodity

The widespread interest in F1 comes after the sport saw total race attendance spike to six million in 2023, and revenue soared to $3.22 billion, according to owner Liberty Media. Last year also marked the debut of the Las Vegas Grand Prix, as F1 grew to its capped-out 24-race schedule. The Miami race is entering its third year, while F1 has raced in Austin since ’12.

Copy Link
Link Copied
Link Copied

What to Read


DSG’s Path to Revival Faces Major Pushback from MLB, NBA, and NHL

Three major pro leagues raise further concerns about the bankrupt Bally Sports parent.

PGA Championship Setting Revenue Records, but LIV Drama Still Looms

The PGA Championship tees off Thursday morning at Valhalla Golf Club.

Want to Stream Live Sports? Better Know Your Bundle Options First

Comcast’s new StreamSaver bundle adds to a fast-growing number of combined offerings.
Kendall Coyne Schofield

PWHL Playoffs Experience Surge in Attendance. Is Expansion Coming?

The first five games of the postseason drew nearly 40,000.
podcast thumbnail mobile
Front Office Sports Today

MLB, NBA, NHL Broadcasting Future Goes to Court


Featured Today

February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.
May 14, 2024

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.
May 12, 2024

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.
Mar 29, 2023; New York, New York, USA; American actors and comedians Chris Rock (left) and Ben Stiller sit court side during the third quarter between the New York Knicks and the Miami Heat at Madison Square Garden.
May 11, 2024

The Haves and Have-Nots: How the Knicks’ Celebrity Row Works

Unwritten rules, an expectation of quid pro quo, and nothing is free.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

The WNBA Rookies Are Creating a New Celebrity Row

Major celebs like Kim Kardashian and Latto are showing up for the newbies.
May 15, 2024

Caitlin Clark Debuts With WNBA’s Most-Watched Game in Decades

The game averaged 2.12 million viewers, the WNBA’s highest since 2001.
May 16, 2024

Preakness in Spotlight: Chance of a Triple Crown Winner Bolsters Status

The presence of Kentucky Derby winner Mystik Dan gives a big boost to the Triple Crown’s middle leg.

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
May 15, 2024

NFL Signs Three-Year Christmas Day Deal With Netflix

The streamer will show two holiday games in 2024 and one apiece in ’25 and ’26.
May 14, 2024

Architect of LIV Golf Deal Departs the PGA Tour. What Happens Next?

PGA Tour policy board member Jimmy Dunne has resigned.
May 14, 2024

Caitlin Clark’s WNBA Debut Marks the Start of a New Era for Women’s Basketball

A Clark-fueled business boom comes at the perfect time for the WNBA.
May 14, 2024

WNBA’s Transition to Charter Flights Has Bumpy Takeoff

The league announced a week ago it would start chartering flights for the 2024 season.