News Details
Qatar and Miami Dolphins owners set to buy F1
RSE Ventures, which owns the Miami Dolphins NFL team, is joining forces with Qatar to buy a controlling stake in Formula One in a deal worth $7-8 billion, a source familiar with the matter told Reuters. RSE is looking to acquire the 35.5 percent stake from private equity fund CVC Capital Partners Ltd, who sold down its holding from 63 percent in 2012 in deals that at the time gave the business an enterprise value of $9.1 billion. The commercial side of Formula One is run by 84-year-old British billionaire Bernie Ecclestone, who has turned the sport into a global money-spinner in more than four decades of deal making. Ecclestone, a former second-hand car dealer and team owner, has also been...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
US group teaming up with Qatar to buy a major stake in...
Miami Dolphins owner Stephen Ross bidding F1 stake RSE Ventures is...
9y ago from ThisIsF1.com
US-Qatar group reportedly in F1 bid
The owner of the Miami Dolphins American football team is reportedly...
9y ago from BBC.co.uk
Qatar and Miami Dolphins owner tipped for F1 bid
American investment company RSE Ventures – whose chief owns the Miami...
9y ago from Motorsport.com
Qatar, RSE teaming up to buy F1 stake
RSE Ventures is teaming up with Qatar to buy a 35.5 percent stake in the...
9y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco reveals when he ‘began to believe'...
Johann Zarco reveals he “began to believe” he could win his home...
12h ago from MotorsportWeek.c...
Toprak Razgatlioglu secures Most WorldSBK Race 1...
Toprak Razgatlioglu was a cut above the rest by securing victory in Race...
13h ago from MotorsportWeek.c...
Raul Fernandez: “I don’t race for money – I race...
No description available...
1d ago from Motorsport.com
Jorge Martin pushing for early Aprilia exit;...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Marco Andretti kicked to LCQ, Alex Palou fastest in...
No description available...
3h ago from Motorsport.com
Middle portion of Indy 500 grid set in tense first day...
Saturday’s marathon Indianapolis 500 qualifying session took place...
3h ago from MotorsportWeek.c...
Conor Daly on stressful Indy 500 qualifying: “I...
Conor Daly very nearly transferred into the Top 12 during the first day...
2h ago from MotorsportWeek.c...
Colton Herta walks away from huge airborne Indy 500...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
Rally Portugal: Sebastien Ogier leads WRC field as Ott...
No description available...
6h ago from Motorsport.com
Sebastian Ogier leads in Portugal as Ott Tanak suffers...
Sébastien Ogier was a surprise overnight leader at Vodafone Rally de...
5h ago from MotorsportWeek.c...
”It is not ideal” - WRC drivers speak out after...
No description available...
17h ago from Motorsport.com
Ott Tänak tops Rally Portugal after fierce Friday...
Ott Tänak claimed his 400th career stage win on the final stage of Rally...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Viktor Gyokeres comments on future, with Manchester...
Sporting Lisbon striker Viktor Gyokeres addresses his future amid...
2h ago from SportsMole.co.uk
Report: Arsenal looking to fix key weakness by signing...
Arsenal are interested in signing the Brazilian striker Igor Jesus from...
8h ago from CaughtOffside.com
Crystal Palace 1-0 Man City: The greatest FA Cup...
Sports Mole counts down the greatest FA Cup finals of all time, from...
6h ago from SportsMole.co.uk
Asking price set: Liverpool expected to enter into...
Wolverhampton Wanderers defender Rayan Ait-Nouri has been linked with a...
7h ago from CaughtOffside.com
Comments
Hottest News
'Devastated' Lewis Hamilton makes alarming Max Verstappen...
Lewis Hamilton suffered a second consecutive Q2... Read More »
8h ago from RacingNews365.com
Vasseur offers explanation for Ferrari’s disastrous...
On the back of Ferrari’s worst ever qualifying... Read More »
3h ago from F1Technical.net
Mercedes F1 star in disqualification scare as FIA issue...
George Russell demonstrated outstanding teamwork... Read More »
3h ago from GPFans.com
