Miami Grand Prix: F1 agree 'in principle' to host inaugural race from 2021

Formula One has reached an agreement in principle to host the Miami Grand Prix from 2021.

The proposed race would take place at the Hard Rock Stadium, home of the NFL team Miami Dolphins, which will have see drivers race on a custom-built track around the arena.

It would become the second F1 race to be held in the United States, alongside the US Grand Prix in Austin, Texas, subject to a vote by the Miami-Dade County on October 28.

A statement released by F1 managing director of commercial operations, Sean Bratches, and Tom Garfinkel, the vice chairman and chief executive of the Miami Dolphins and the Hard Rock Stadium, said: "We are thrilled to announce that Formula One and Hard Rock Stadium have reached an agreement in principle to host the first-ever Formula One Miami Grand Prix at Hard Rock Stadium.

"With an estimated annual impact of more than $400 million (£311m) and 35,000 room nights, the Formula One Miami Grand Prix will be an economic juggernaut for South Florida each and every year.

"We are deeply grateful to our fans, elected officials and the local tourism industry for their patience and support throughout this process.

"We look forward to bringing the greatest racing spectacle on the planet for the first time to one of the world's most iconic and glamorous regions."

If the race is given the go-ahead, F1 will return to Florida for the first time since the 1959 US Grand Prix at Sebring.

Additional reporting from the Press Association.