Miami GP boss admits shock financial loss

Top race executive Tom Garfinkel admits the otherwise popular and celebrity-fuelled inaugural Miami GP actually lost money. “If you’d asked me six months ago, I would have expected the event to make money given how revenue has been going,” Garfinkel, also boss of the Miami Dolphins and the Hard Rock Stadium, is quoted by Sky Deutschland. “But if you look at expenses, we’re not going to make any money this year.”. The event was actually a three-day sell-out, so for the future Garfinkel is looking to expand the maximum circuit capacity of 87,500 to at least 100,000 if possible. “There are a lot of things we can learn from and do better,” Garfinkel acknowledged.

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