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Qatar and Miami Dolphins owner tipped for F1 bid
American investment company RSE Ventures – whose chief owns the Miami Dolphins NFL team – is to join forces with Qatar to take a major investment in Formula 1, according to a report from the Financial Times. The article suggests that the two parties want to buy 35.5% of F1 from the CVC Group for a price of $7-8bn – and that the ultimate aim is for Qatar to own the whole of F1. However, the report adds that no formal bid has been made, and due diligence is still being undertaken. The suggestion is that the controversy surrounding FIFA and the 2022 World Cup has led to Qatar accelerating its F1 plans, which include hosting a Grand Prix. Two giants joining forces Headed by 75-year-old...
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9y ago from Motorsport.com
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