Report: U.S.-Qatari joint venture to buy stake in F1?
A joint U.S. and Qatari effort is reportedly targeting the purchase of a substantial stake in Formula 1 from its current primary shareholder, CVC Capital Partners.
The Financial Times reports that RSE Ventures and Qatar Sports Investments are looking to acquire a 35.5 percent stake in Formula 1's holding company from CVC, in a move valued at between seven and eight billion dollars.
RSE Ventures is the owner of NFL's Miami Dolphins, while Qatar Sports Investment's portfolio includes the Paris Saint-Germain football club.
The article states that no formal bid has been lodged and that due diligence is still being undertaken.
F1 chief executive Bernie Ecclestone is quoted as not being aware of a "deal on the table" but also notes elsewhere within the article that "my shares will be sold with theirs."
Click here to read the full FT report.
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