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Qatar secures stake in Audi F1 team

Formula 1

Qatar secures stake in Audi F1 team

By Chris Medland - Nov 29, 2024, 9:51 AM ET

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...

F1: Sauber future secured with new ownership

Formula 1

F1: Sauber future secured with new ownership

By alley - Jul 20, 2016, 9:31 AM ET

Sauber has announced a change in ownership that founder Peter Sauber says secures the future of the Formula 1 team.The Swiss team has encountered financial difficulties this season, with cashflow problems leading to salaries being paid late for four successive months. But Sauber revealed last month it had found a...

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