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”.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
