Qatar’s sovereign wealth fund is bidding for a controlling stake in Formula One auto racing after getting the red light to host a race according to a senior sports manager who has likened the move to a guest buying a restaurant when it refuses to give him a table.
The sports manager confirmed to Forbes on Monday that Qatar is considering a takeover of F1 and on Tuesday the Financial Times revealed that the country’s sports investments arm has teamed up with RSE Ventures, which owns the Miami Dolphins NFL team, to make a bid.
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