"Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone for all of us at South Florida Motorsports," said Tom Garfinkel.

Friday was the first day of on-track activity for this year’s FIA Formula 1 Crypto.com Miami Grand Prix with practice in the early afternoon and qualifying for Saturday’s F1 Sprint race in the late afternoon.

Formula 1 announced a 10-year extension with the Miami Grand Prix on Friday that will ensure the event remains on the calendar through 2041. “From our standpoint, it enables us to say that this event is here to stay for a very long time,