Qatar's sovereign wealth fund is buying a major stake in Audi's new Formula One team, set to debut in 2026.

Qatar's sovereign wealth fund, QIA, is buying a significant minority stake in Audi's upcoming Formula One team, set to debut in 2026. The deal, reportedly worth up to 30%, aims to enhance Audi's competitiveness and supports Qatar's expanding presence in global sports. QIA's investment in the Swiss-based Sauber team, rebranded as Audi, underscores the growing financial interest in Formula One.

November 28, 2024
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