Qatar’s sovereign wealth fund takes a stake in Audi’s future F1 team
Al JazeeraQatar Investment Authority has announced it will be a ‘long-term investor and partner’ to Audi’s F1 team from 2026. The sovereign wealth fund of Qatar is acquiring a “significant minority stake” in what will become Audi’s Formula 1 works team from 2026, in a deal announced Friday before the Qatar Grand Prix. A joint statement said the Qatar Investment Authority will be “a long-term investor and partner” and provide “a substantial capital injection” that will help the team expand its infrastructure. “This additional capital will accelerate the team’s growth and is yet another milestone on our long-term strategy,” Audi chief executive Gernot Dollner said in the joint statement. Qatar Investment Authority has agreed to acquire a significant minority stake in Sauber, ahead of the squad becoming Audi’s factory team in 2026 📝#F1 #QatarGPhttps://t.co/SNEfQnC7eB — Formula 1 November 29, 2024 Qatar is already an investor in the Volkswagen Group, of which Audi is a part.
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