Former Abu Dhabi and Sochi track mastermind Cregan, who was named CEO for the second annual Formula 1 race in the United States, spearheaded the 2022 event at the new track built around the Hard Rock Stadium – home of the Miami Dolphins NFL team.
Epp, who previously served as the race’s senior VP and COO, has more than 20 years of senior management experience spanning multiple sports, including eight years at the Kansas City Chiefs NFL team. His pre-Miami GP motorsport experience spans five years with Chip Ganassi Racing’s multi-discipline outfit, four years as general manager of Hall of Fame Racing, a NASCAR Cup Series team, and he began his career at Kansas Speedway.
“Tyler is a dynamic leader with integrity and diverse executive experience across multiple sports. We are excited to promote him to President of the Grand Prix,” said Tom Garfinkel, the managing partner of the event and CEO of Miami Dolphins.
“I want to thank Richard for his hard work and leadership in the massive challenge of pulling off our inaugural event in such a tight timeframe. I look forward to continuing to work with him moving forward.”
The Hard Rock Stadium
Photo by: Sam Bloxham / Motorsport Images
The first F1 weekend at the circuit was widely viewed as a success, albeit with issues encountered with the track breaking up following a construction error and problems with food delivery in the Paddock Club hospitality suites that came in for criticism.
Garfinkel, who subsequently vowed to make improvements for future events, originally targeted making a profit from Year 1. But higher than anticipated costs pushed it into a loss, despite attracting over 243,000 spectators across its three days.
This week, event promoter South Florida Motorsports revealed its economic impact report for the 2022 race, which claims it boosted the local economy by nearly $350 million. Each visitor to the event spent a total of $1,940 in the city, with the largest number of racegoers coming from Canada, closely followed by the United Kingdom, Mexico, Colombia, and Argentina.
The report also states that a total of $50 million in salaries and wages were earned by 867 local employees during the construction phase of the project, and the total economic impact of the track’s build reached $143 million.
Cregan said: “We were proud to deliver on the commitment [Miami Dolphins owner] Stephen Ross made to impact the local economy and the people throughout our community; especially right…