F1 "making steps" in Miami GP talks - Carey

Formula 1 CEO Chase Carey has revealed that he is "making steps" in ongoing talks over a future Miami Grand Prix.

F1 "making steps" in Miami GP talks - Carey

Liberty originally wanted the race to take place around the waterfront and harbour area, and had put extensive efforts into designing a circuit and gaining support from the relevant authorities.

However, complications concerning permissions and opposition from local residents meant that promoter RSE Ventures has switched focus to the land around the Hard Rock football stadium, which it owns, and where there is less opposition and less red tape to be dealt with.

Read Also:

Carey stressed that building the sport in the USA via an extra race in Miami or Las Vegas remains a priority.

The stadium location has far less appeal than the original site, but it may prove to be Liberty's only opportunity to achieve its target of a new race in its home country.

"We've been quite public about our goals to pursue the opportunity in the US," he said in a call with Wall Street analysts.

"Actually our television audience has grown well this year. When you look at digital, it has actually been a positive surprise, because we weren't doing anything in digital until we started to measure the engagement we had in the US digitally.

"There are a lot more fans here than people believe there are, so I think we're excited about those opportunities. We've talked about adding races in what we call destination cities like Las Vegas or Miami.

"We've been engaged for the last year there, I think we've made good headway. We continue to [do so], I have meetings next week with parties there, I had meetings a month ago there. We feel it's important, we feel we're making steps.

"We recognise that there are multiple elements in continuing to grow and build the sport, engage the fan base here. We're making good headway on it. Probably the first step would be adding that race in a city like Miami or Las Vegas."

Asked about next year's schedule Carey said: "We expect to announce the 2020 calendar in the next few weeks. I think it's largely finalised now.

"In general we expect the number of races in the next few years to increase a bit. There's a limit to by how much, but I think we do expect it to go up marginally. As we announce the calendar we will provide more insights as to when and where that occurs."

Carey expects an increase in overall revenue from race hosting fees in the future, as extra events are added and events that had what he regards as cheap deals from the Bernie Ecclestone area are obliged to pay more.

"We do view this about an area of revenue growth for us, just to put it simply. It's not consistent with every event, some events are different," he said. "I think in some places the events are more mature, but I think we do expect and do look for this to increasingly be an area of opportunity for us.

"Adding a couple of races is a factor. I think we are very excited about the demand interest, the number of places that want to host a race, and obviously supply and demand is important.

"We value our historic relationships, but it is important to carve out opportunities to add a new race when the demand is there, and the appetite is there, for stepping up for that.

"I think there are some places where we are not receiving what we should be receiving when we came in. Between the supply and demand being in our favour, the increase in the race calendar, and addressing a couple of places where we're not receiving what we can and should be, we do expect this to be an area of growth for us."

shares
comments
F1 "working aggressively" on synthetic fuels

Previous article

F1 "working aggressively" on synthetic fuels

Next article

McLaren’s F1 progress crucial to IndyCar expansion

McLaren’s F1 progress crucial to IndyCar expansion
Load comments
Why the end is nigh for F1’s most dependable design tool Prime

Why the end is nigh for F1’s most dependable design tool

Wind tunnel work forms the bedrock of aerodynamic development in Formula 1. But as Pat Symonds explains, advances in virtual research are signalling the end of these expensive and complicated relics.

Why Mosley’s legacy amounts to far more than tabloid rumour Prime

Why Mosley’s legacy amounts to far more than tabloid rumour

The newspapers, naturally, lingered over Max Mosley’s tainted family history and niche sexual practices. But this is to trivialise the legacy of a big beast of motor racing politics. Stuart Codling weighs the life of a man whose work for safety on both road and track has saved hundreds of thousands of lives, but whose penchant for cruelty remains problematic and polarising.

Formula 1
Jun 12, 2021
Why pragmatic Perez isn't fazed by no-nonsense Red Bull F1 culture Prime

Why pragmatic Perez isn't fazed by no-nonsense Red Bull F1 culture

Sergio Perez has spent most of his career labouring in Formula 1’s midfield, wondering whether he’d ever get another shot at the big time. Red Bull has handed him that chance and, although life at the top is tough, the Baku winner is doing all the right things to get on terms with Max Verstappen, says BEN ANDERSON

Formula 1
Jun 11, 2021
What the data tells us about the F1 2021 title fight Prime

What the data tells us about the F1 2021 title fight

Formula 1 has been tracking car performance using timing loops mounted every 200m around each circuit – to the extent that it was able to anticipate Ferrari’s 'surprise’ pole in Monaco. PAT SYMONDS explains what this means for this season and beyond

Formula 1
Jun 10, 2021
The weighty issue F1 needs to find a balance with Prime

The weighty issue F1 needs to find a balance with

OPINION: After consecutive street races with contrasting highlights, one theme stood out which has become a prevalent issue with modern Formula 1 cars. But is there a way to solve it or, at least, reach a happy middle ground to help all parties?

Formula 1
Jun 10, 2021
The changes behind a 'feel-good' F1 result in Baku Prime

The changes behind a 'feel-good' F1 result in Baku

OPINION: The Azerbaijan Grand Prix had elements that make Formula 1 really exciting – unpredictability and shock results. This resulted in heartbreak for several of the championship’s regular contenders and joy for others who rarely reach the ultimate limelight. And one of those on the Baku podium is riding a wave of form he’s keen to continue

Formula 1
Jun 9, 2021
The human cost to replacing Formula 1's cancelled rounds Prime

The human cost to replacing Formula 1's cancelled rounds

OPINION: With the global pandemic still lingering, Singapore's grand prix has been cancelled for 2021, with more looking likely to follow. Although Formula 1 has TV deals and profits to chase, retaining a 23-race calendar could be most harmful to those who sacrifice the most for the championship.

Formula 1
Jun 8, 2021
Azerbaijan Grand Prix Driver Ratings Prime

Azerbaijan Grand Prix Driver Ratings

An eventful weekend in Baku full of incident and drama lent the race result an unusual feel, as three drivers scored their first podiums of the year. But it wasn't the eventual race winner who scored top marks in our driver ratings

Formula 1
Jun 7, 2021