Qatar’s sovereign wealth fund has agreed to buy roughly 30 per cent of the Audi Formula One racing team, as institutional investors continue to pile money into the global racing series and wider sport.
The Qatar Investment Authority would get the minority stake in exchange for a capital injection worth “hundreds of millions” of dollars, said a person familiar with the deal.
QIA controls 17 per cent of the voting rights in Audi’s parent company, Volkswagen. While the Gulf fund has not invested in automotive racing previously, it has gained increasing interest in the business of sports, the person added.
您已閱讀19%（610字），剩餘81%（2544字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。