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Miami GP boss undeterred by maiden event's financial loss
Despite a three-day sell-out, Miami's maiden F1 Grand Prix will record an operating loss, but promoter Tom Garfinkel says the event has sowed the seeds of its future success. Formula 1's much hyped first visit to South Florida lived up to its expectations, at least off the track, thanks to its glitzy atmosphere, bustling animations and heavy traffic of celebrities and A-listers. Garfinkel initially anticipated that the race weekend would generate a positive bottom line, but additional expenditures to ensure the event's "first class" status ultimately pushed the numbers into the red. "If you would have asked me six months ago, I would have expected this to make money based on...
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