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US-Qatar venture set to bid for F1 stake
American investment company RSE Ventures, which owns NFL outfit the Miami Dolphins, is reportedly set to join forces with Qatari investors to buy a major stake in Formula 1. It is believed that Ross' RSE Ventures and Qatar Sports Investments, the group which own football club Paris St-Germain, plan to make a bid for CVC Capital Partners' 35.5 percent stake, a move which would see F1 supremo Bernie Ecclestone bought out. According to a report in the Financial Times, the offer would be in the region of $8 billion. However, this could prove a stumbling block as CVC's chairman Donald Mackenzie believes that the stake is worth considerably more. CVC have been F1's biggest stake...
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9y ago from PlanetF1.com
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