| A Qatari investment vehicle is working together with an American company to buy a multi-billion dollar stake in Formula One (F1) racing, according to a report by the Financial Times. Qatar Sports Investments (QSI) and RSE Ventures have teamed up to purchase a 35.5 percent share of F1 from its holding company CVC Capital Partners and the sport’s chief executive Bernie Ecclestone.
QSI is a subsidiary of the Gulf state’s sovereign wealth fund, the Qatar Investment Authority, and its most well-known asset is French football club Paris Saint Germain, which was bought for $130mn in 2012. RSE Ventures is a sports and entertainment company that was founded by 75-year-old Stephen Ross in 2012 and owns the American football team Miami Dolphins..............................................Full Article: Source
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