Why first year loss hasn’t dented Miami F1’s bosses outlook

Tom Garfinkel, the managing partner of Miami’s new F1 event, had originally targeted making a profit from the first race around the Miami Dolphins stadium.

But higher than anticipated costs pushed the inaugural Miami GP into a loss.

However, he says there are no regrets about the extra expenditure that was done to ensure fans had as good a time as possible, and he thinks there will be a longer-term payoff that will bring bigger financial returns in the future.

“If you…