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Qatar Joins Audi F1 Team, Expanding Global Sports Portfolio
Published on 12/01/2024 01:36
Sports

Qatar is acquiring a significant minority stake in Audi’s Formula One team, marking a major step in expanding its global sports investments. The deal, confirmed by Qatar's sovereign wealth fund (QIA) and Audi, gives Qatar almost a third of the team ahead of Audi’s F1 debut in 2026. The financial details were not disclosed, but the QIA also holds a 17% stake in Volkswagen, which owns Audi.

This acquisition adds to Qatar’s extensive sports portfolio, which includes ownership of Paris Saint-Germain (PSG) through Qatar Sports Investments (QSI). QSI has also invested in the World Padel Tour and recently made a high-profile bid to acquire Manchester United, though it withdrew. Audi plans to transform Sauber into its factory team for the 2026 season, despite the team’s lack of points this year.

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