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Miami Dolphins owner and Qatar to bid for Formula One
http://www.bbc.co.uk/news/business-33249041The Miami Dolphins American football team owner Stephen Ross is working with investors from Qatar to buy a stake in Formula 1 racing, the BBC understands.
Mr Ross's RSE Ventures, backed by Qatar Sports Investments, plan a bid for CVC Capital Partners' 35.5% controlling stake in the holding company that owns F1.
The deal could be worth up to $8bn, and help build F1's presence in the US.
But negotiations are at an early stage, BBC sports editor Dan Roan says. And the group is just one of a number of potential bidders.
Mr Ross's RSE Ventures, backed by Qatar Sports Investments, plan a bid for CVC Capital Partners' 35.5% controlling stake in the holding company that owns F1.
The deal could be worth up to $8bn, and help build F1's presence in the US.
But negotiations are at an early stage, BBC sports editor Dan Roan says. And the group is just one of a number of potential bidders.
