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      10-30-2019, 07:17 AM   #4
apexit4
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I think they are having to come up with these arguments because "We dont want a race here" isnt a good enough reason........for some reason.

As for why F1 is pushing so hard to get a race in Miami, this article is great read: https://www.racefans.net/2019/10/17/...so-much-to-f1/

In essence:

Quote:
(...) RSE Ventures, an investment firm controlled by Dolphins owner Stephen Ross, (...) had submitted a bid (to purchase F1 from CVC) in conjunction with a Qatari sovereign wealth fund-backed consortium and an unnamed private equity firm. The net effect is that RSE’s interest upped the ante, in effect causing the price to spiral much to Liberty’s dismay.

The obvious solution was for Liberty to persuade RSE to drop its interest in F1, with the payoff believed to be the hosting rights to a Miami Grand Prix on a profit-sharing basis (with Liberty). Once the profit-share deal entered the public arena, existing promoters demanded similar treatment.
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