Investment Firm Has Opened Talks for Miami Grand Prix Stake
Otro Capital is in advanced negotiations to acquire a 20 percent stake in the annual Miami racing event.
Updated on Sept. 24, 2026 in Motorsports
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The investment firm Otro Capital has entered into advanced discussions to purchase a 20 percent stake in the Miami Grand Prix. The potential deal involving owner Stephen Ross excludes the Miami Dolphins and Hard Rock Stadium operations.
Why it matters
The deal signals continued investor interest in the financial growth of major sporting events held at the stadium site. Residents should note that the negotiations remain ongoing with no final agreement reached between the parties.
Otro Capital is negotiating for a 20 percent stake in the Miami Grand Prix. This follows the firm's 24 percent stake acquisition in Alpine Racing in 2023, though the final valuation of the current Miami talks is not yet public.
The players
Stephen Ross
The owner of the Miami Grand Prix who is currently negotiating a potential stake sale.
Otro Capital
An investment firm currently in advanced talks to purchase a 20 percent stake in the race.
The details
Stephen Ross, who owns the Miami Grand Prix, is engaged in advanced talks with the investment group. While Ross previously sold minority interests in a wider package of sports assets in 2024, this specific negotiation is limited to the race itself. The stadium and the Dolphins franchise are not part of the current discussions. As it stands, the deal has not been finalized, and it remains to be seen if the parties will reach a formal agreement.
Timeline
2023: Otro Capital acquired a stake in Alpine Racing.
2024: Stephen Ross sold minority interests in a package of sports assets.
September 2026: Reports emerged regarding the ongoing stake sale talks.
Beyond the 305
This potential transaction continues the trend of institutional investment in local marquee sports assets. It follows the 2024 sale of minority interests in a wider package of sports assets previously held by Stephen Ross.
For local fans and residents, this negotiation does not change the day-to-day operations of the Grand Prix or the stadium. The outcome of these talks will determine the ownership structure of the event moving forward.
The takeaway
The move underscores the high valuation of Miami-based sporting events for private equity firms. Residents should watch for official updates regarding whether a final contract is signed in the coming months.
Further reading
For more on the latest racing developments in the area, visit Motorsports.
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