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Miami boss surprised by inaugural event's financial loss
Despite the hype, the inaugural Miami Grand Prix was a loss maker, much to the surprise of co-promoter Tom Garfinkel. Garfinkel, billionaire CEO of the Miami Dolphins and Hard Rock Stadium, co-promoted the event with Liberty Media, and with the event having sold-out - in every sense – in days, it was expected to generate a profit. However, this proved not to be the case. Despite the support of the media, Miami-based Motorsport Network publishing endless articles eulogising the event before a wheel had even turned, the event came under fierce criticism from fans and drivers alike, while even many of the celebrities are understood to have been less than impressed, as were fans who...
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