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    Spencer Emir • Deutsche Bank

    Spencer Emir's questions to Liberty Media Corp (FWONK) leadership

    Spencer Emir's questions to Liberty Media Corp (FWONK) leadership • Q1 2025

    Question

    Spencer Emir from Deutsche Bank asked about the rationale for extending the Miami Grand Prix contract for 10 years, well ahead of its expiration.

    Answer

    Formula One CEO Stefano Domenicali stated that Miami is a critical pillar in the company's U.S. strategy. Extending the contract early provides long-term certainty, which encourages the local partner to continue investing heavily in the event's growth and infrastructure. Liberty Media CEO Derek Chang added praise for the partner's impressive on-the-ground improvements since the inaugural race.

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    Spencer Emir's questions to Liberty Media Corp (FWONK) leadership • Q1 2025

    Question

    Spencer Emir inquired about the rationale for announcing a 10-year contract extension for the Miami Grand Prix, given that several years remained on the current deal.

    Answer

    Formula One CEO Stefano Domenicali stated the extension was done to provide their partner with certainty, encouraging continued investment in what they consider a 'very important pillar' of their U.S. strategy. An executive added that the impressive on-the-ground improvements at the event reinforced the decision to secure the long-term partnership.

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