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US-Qatar Group Reportedly in F1 Bid
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24.06.2015
The Miami Dolphins American football team owner Stephen Ross is reportedly working with investors from Qatar to buy a stake in Formula 1 racing.
RSE Ventures and Qatar Sports Investments plan a bid for CVC Capital Partners' 35.5% stake in the holding company that owns F1.
The Financial Times and Reuters said the deal could be worth up to $8bn, and help build F1's presence in the US.
CVC declined to comment, while RSE said "we can't comment at this time".
RSE Ventures and Qatar Sports Investments plan a bid for CVC Capital Partners' 35.5% stake in the holding company that owns F1.
The Financial Times and Reuters said the deal could be worth up to $8bn, and help build F1's presence in the US.
CVC declined to comment, while RSE said "we can't comment at this time".
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