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Qatar could eventually buy majority Audi F1 stake
Nov.12 Audi's new Formula 1 venture looks set to completely sidestep the financial crisis at Volkswagen. It is emerging this week that, amid the ongoing VW crisis, Sauber's new 100 percent owner Audi could be set to sell up to half of the F1 team for a tidy profit. Osterreich newspaper reports that Audi's purchase price of the Swiss-based Sauber team was 600 million euros. And the rumoured sale-price of a minority share sale to Qatar's sovereign wealth fund, potentially involving title sponsorship by Qatar Airways, could be worth a billion euros to Audi. 'Now Audi is coming (to Sauber),' former F1 supremo Bernie Ecclestone told Blick newspaper this week, 'but in the current situation the...
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7mo ago from OneStopStrategy.com
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