Published On: Sun, Jun 28th, 2015

Qatar, Stephen Ross Looking At Major Formula one Investment

The deal is worth $7 - $8 billion

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”.

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