Qatar and American billionaire Stephen Ross are teaming up in order to buy 35.5% of car racing
Formula one, a deal which worth $7 – $8 billion, according to Financial Times.
Stephan Ross’ RSE Ventures and Miami Dolphins owner, will be supported by Qatar Sports Investments (QSI), a group owning football club Paris St Germain and 17% of the VW Group. Such deal will bring F1 exposure in United States and in Asia.
Financial Times expected an official bid to be on the go in few weeks. Formula 1 boss Bernie Ecclestone, holding 5% stock, said: there is no “deal on the table”.