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Qatar secures stake in Audi F1 team
The Qatar Investment Authority (QIA) has acquired a “significant minority stake” in Sauber Holding AG, the future Audi Formula 1 team. QIA is already a stakeholder in the Volkswagen Group – Audi’s parent company – and will provide a substantial capital injection that Audi said will allow the team to increase infrastructure and recruitment. The deal will be complete by the end of the second quarter in 2025, once Audi has completed its 100% takeover of Sauber in January. QIA will take a seat on the board. “The investment by QIA reflects the trust and confidence the Audi F1 Project has already garnered, underscoring unwavering commitment of Audi to the initiative,” Audi CEO...
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