The Miami Grand Prix has become the longest-contracted race on the Formula 1 calendar after a 10-year extension will cement its position until 2041.The race at the Hard Rock Stadium hosted its first event in 2022 and has become one of the regular Sprint weekends on the schedule, welcoming over...

Plans to host a Formula 1 race in Miami, Florida in 2019 could move a step closer next week as the contract and requests for public funding for the proposal will be discussed during a meeting of the Miami City Commission on Thursday, July 26.At the meeting, the City Commission...

The City of Miami Commission will hold a vote next week to decide whether to proceed with plans to host a Formula 1 race in downtown Miami from next year.The matter of a race was added to the agenda of a meeting on May 10 that, if approved, would pave...

The sale of Formula 1 to Liberty Media PLC is not yet guaranteed because the group still faces competition from other interested parties, Autosport reports.Speculation on Sunday ahead of the Italian Grand Prix suggested F1's current majority shareholder private equity company CVC Capital Partners was poised to end its 10-year...

Speculation about the prospective sale of F1 shares took another turn with the UK's Sky News reporting that China Media Capital is looking to invest around $1.5 billion in an offer being assembled by Stephen Ross, owner of the NFL's Miami Dolphins.According to Sky, Ross’s consortium is seeking a 90-day...

Bernie Ecclestone has revealed Formula 1 could be sold off before the end of this year.F1 chief executive Ecclestone (LEFT) claims there are currently three serious bidders in the running to purchase a majority shareholding. At present CVC Capital Partners holds the largest share at 35.5 percent, with Ecclestone claiming...

Donald Mackenzie (LEFT), the co-chairman of Formula 1's commercial rights holder CVC Capital Partners, has stated the private equity firm is not interested in selling its majority holding.A U.S.-Qatari consortium emerged last month as a potential purchaser as a potential purchaser of CVC's 35.5 percent stake in F1, led by...