Ross in talks to sell a piece of Miami’s F1 race
Stephen Ross wants a partner. Not for the whole race. Just a slice of it.
The Miami Dolphins owner is negotiating with private equity firm Otro Capital over a 20% stake in the Miami Grand Prix, according to Front Office Sports reporting from Thursday. Ross still controls Hard Rock Stadium, where his football team plays and where the Miami International Autodrome track gets built every spring around the parking lots and the stadium bowl.
Nothing is signed yet. Ross has no plans to hand over the whole event, sources told Front Office Sports, and any partial sale would first require pinning down a valuation for the race itself. That number isn’t public. Four editions in, with a fifth run this past May, the Miami Grand Prix has grown from a curiosity into one of the sport’s most lucrative American stops.
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A private equity firm already embedded in F1
Otro Capital isn’t a stranger to the sport. The firm already holds a stake in Alpine Racing, currently sixth in this year’s constructors’ standings after a stop-start campaign for the Enstone-based outfit. Buying into Miami would put Otro on both sides of the ledger, a piece of a team and now potentially a piece of a race weekend.
The firm’s reach extends beyond motorsport. Otro also backed Crimson Brand Partners, the entity the University of Utah created to run its athletics department’s commercial operations. The Miami talks, if they land, fit a pattern of the firm chasing sports properties with recurring revenue rather than one-off deals.
What’s next for the Autodrome
The race itself keeps climbing the calendar’s value chart. Kimi Antonelli won the most recent edition, continuing a run of high-profile winners since the Grand Prix launched in 2022. A minority sale wouldn’t change who runs the event day to day, but it would bring a new financial partner into a race that has become one of Formula 1’s flagship American weekends, alongside Austin and Las Vegas.
For now, the deal remains a report, not a signature. Ross has been down this road before with other assets tied to Hard Rock Stadium, and Miami’s growing value as a sports property means he isn’t short of suitors.
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