Qatar's sovereign wealth fund takes a stake in Audi's future F1 team
Briefly

The Qatar Investment Authority's minority stake acquisition in Audi's F1 team marks a significant growth opportunity, ensuring both financial backing and long-term support for competitive success.
Audi's CEO Gernot Dollner emphasized that this capital injection will accelerate the team's growth, marking a milestone in Audi's long-term strategy as it transitions to a works team.
QIA CEO Mohammed Saif al-Sowaidi highlighted the untapped potential of Formula 1 as a globally popular sport, identifying it as an exciting new venture for Qatar's investment portfolio.
The Sauber team is set to transition to Audi's factory team, with major driver changes planned for 2025, signaling a fresh start and competitive focus.
Read at www.aljazeera.com
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