Formula One: Qatari fund among potential buyers - Reports

AP , Wednesday 24 Jun 2015

A wealthy Qatari investment fund teamed with the owner of the Miami Dolphins NFL team is among several potential buyers of a stake in Formula One, a person with knowledge of the talks says.

The person was not authorized to discuss the negotiations publicly but spoke to The Associated Press on condition of anonymity. The person said discussions are ''well engaged.''

The Financial Times newspaper first reported the interest in F1 from Miami Dolphins owner RSE Ventures and Qatar Sports Investments, which has the Paris Saint-Germain football team in its portfolio.

The FT said they want to buy 35.5 percent of the holding company that owns F1 in a $7 billion to $8 billion deal.

The AP's source said, however, that the RSE-QSI partnership is only one of several interested parties. QSI would be the majority partner in an F1 link-up with RSE, the source said. The person also cautioned that the discussions have been going on ''for quite a while'' and there is still no certainty they will result in a firm deal.

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