Qatar reported to be lining up $8bn Formula 1 deal

Qatar is reported to be interested in buying a US$8bn controlling stake in Formula One.

According to the report from Reuters, RSE Ventures, which owns the Miami Dolphins NFL team, is joining forces with Qatar to acquire the 35.5 per cent stake from private equity fund CVC Capital Partners Ltd.

CVC has been F1’s biggest shareholder in the sport for about a decade.

Qatar Sports Investments is the owner of current French football league champions Paris St Germain.

More to follow.

Follow The National’s Business section on Twitter


Share This Post