Carey: US has “a big enough market” for two Formula 1 races

Formula 1 CEO Chase Carey says that there is “a big enough market” in the United States for two races with work still needed to be done to secure a deal for a grand prix in Miami alongside Austin.

There are still talks going on between F1 and the city of Miami about a race due to local unrest causing a setback.

Initially a Miami Grand Prix was aimed for 2019 from Liberty Media but Carey believes there is definitely room for another race in America with Austin, which has been on the calendar since 2012.

"We still have some issues to resolve in Miami," Carey told CNN. "They're, probably at this point, predominantly political ones and there have been some local meetings and activity in the last month.
 
"I think right now the breadth of support and the depth of support is encouraging. It's clearly an addition to Austin.
 
"So in our goal, we think the US is a big enough market and a broad enough market and growing the US, I think having two races will actually make both stronger."
 
The 2020 calendar for F1 include a record 22 races with the introduction of a new venue in Hanoi, Vietnam, and the return of Zandvoort in the Netherlands, meaning a Miami GP would further add to the busy calendar.