Guest Sports News Posted June 24, 2015 Share Posted June 24, 2015 * U.S. sports tycoon and Qatar want 35.5 percent of Formula One * Looking to acquire CVC's controlling stake * F1 chief says there are several potential bidders (Adds Breakingviews link) By Freya Berry LONDON, June 24 (Reuters) - The owner of the Miami Dolphins football team is joining forces with Qatar to buy a controlling stake in Formula One in a deal that could be worth up to $8 billion and inject new leadership into a sport facing falling TV audiences and ticket sales. Dolphins owner Stephen Ross is looking to acquire a 35.5 percent stake from private equity fund CVC Capital Partners Ltd through his investment vehicle RSE, a source familiar with the matter told Reuters on Tuesday, adding that a deal could be done within six weeks. Continue reading... Quote Link to comment Share on other sites More sharing options...
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