Singular F1 Miami GP Bags Shocking Funds Compared to an Entire NFL Season

Published 05/09/2022, 1:18 PM EDT
Formula One F1 – Miami Grand Prix – Miami International Autodrome, Miami, Florida, U.S. – May 8, 2022 Ferrari’s Charles Leclerc and Red Bull’s Max Verstappen in action during the race REUTERS/Marco Bello

This weekend marked the first-ever Miami GP in Florida. The weekend was almost like a 3-day party, with fan events lined up over the weekend. In addition to that, the paddock saw celebrities like James Corden, Jeff Gordon, and NFL quarterbacks, Josh Allen and Tom Brady.

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Although the racing in Miami was not breathtaking and left more to be desired, the event as a whole was spectacular. It proved to be a huge commercial success for the investors. One notable individual to benefit immensely from the Miami GP is Miami Dolphins owner Stephen Ross.

Miami Dolphins Owner Stephen Ross Secures a Massive Paycheck From the Miami GP?

The entire Miami GP was a 3-day extravaganza for the fans. Even though it was a massive undertaking by the Miami Dolphins, they more than delivered on their promises. Although, they claimed they would not be making any profit by hosting the event. At least not for the first 2 years.

Dolphins CEO Tom Garfinkel said, “Based on where the expenses were headed, we’re not going to make money this year. It was important to us to deliver a great event.”

Formula One F1 – Miami Grand Prix – Miami International Autodrome, Miami, Florida, U.S. – May 8, 2022 General view at the start of the race REUTERS/Brian Snyder

However, recent reports from the Orlando Sentinel suggest that Miami Dolphins owner Stephen Ross is set to make bucket loads of cash from the race weekend. The outlet claims that the Miami GP will bring revenue equaling a full season of home games for the Dolphins.

However, the true numbers have not been revealed and all these reports are hearsay and speculations. F1 has a 10-year deal with the NFL franchise and will feature on the calendar until at least 2031.

Who is the Miami Dolphins owner Stephen Ross?

The Miami Dolphins are a professional football team that competes in the NFL. Dolphins play their home games at the Hard Rock Stadium in Miami, which was also a part of the Miami GP this weekend. The franchise is owned by American billionaire Stephen Ross.

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The American made most of his wealth in the world of real estate. Ross is the Chairman and majority owner of The Related Companies, a real estate firm he founded in 1972. He currently has a net worth of somewhere around $8.2
Billion, according to Forbes.

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Watch This Story: Tom Brady Posts Epic Photos From Miami Grand Prix Including Michael Jordan, Lewis Hamilton, Toto Wolff, And David Beckham

Ross also owns the Hard Rock Stadium, which sees him host multiple sporting events like the Miami Open, the Dolphin’s home games, and more recently the Miami GP.

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Divyansh Priyadarshi

180 articles

Divyansh Priyadarshi is an F1 Author at EssentiallySports. He is currently pursuing his under-graduation in computer science engineering and is naturally drawn to the intriguing data-driven world of Formula 1. Being an author at ES isn't his first stint in penning down thoughts for his favorite sports, as he has a solid prior background in writing content for soccer, NBA, and UFC.

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