Dolphins Owner Nearing Deal to Sell 20% Stake in Miami F1 Race
Stephen Ross has owned the Miami Grand Prix since 2021.
Miami Grand Prix owner Stephen Ross is close to finalizing a deal to sell a 20% stake in the event to private equity firm Otro Capital, according to multiple sources. The potential buyer is Otro Capital, and the talks are focused on the specific stake in the race, not the entire event. Ross Sports & Entertainment, the entity holding the Miami Grand Prix along with other assets, is not the subject of these discussions.
The race has been under Ross' ownership since 2021 and has seen five consecutive sellouts. It has expanded from a single-day event to a week-long spectacle across Miami and South Florida. Ross previously sold 13% of his sports assets in late 2024, which included the Miami Grand Prix, for about $8.1 billion. The 2026 F1 season is more than halfway through, with the Miami Grand Prix scheduled for April 30 to May 2.
Liberty Media has owned the Formula One league since 2016, and there have been rumors that it could be put up for sale, though no such bid has materialized yet.
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