Audi sells stake in Formula One team to Qatar sovereign wealth fund
Audi has sold a stake in its Formula One team to Qatar’s sovereign wealth fund ahead of the German manufacturer’s entry to the sport in 2026. Audi announced on Friday ahead of this weekend’s Qatar Grand Prix that the Qatar Investment Authority (QIA) had acquired a “significant minority stake” in the team,
Four of the current 24 races are in the Middle East – more than held in the United States. Read more at straitstimes.com.
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