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

News > Sports News

Carbonatix Pre-Player Loader

Audio By Carbonatix

7:03 AM on Friday, November 29, 2024

The Associated Press
LUSAIL, Qatar (AP) — The sovereign wealth fund of Qatar is acquiring a “significant minority stake” in what will become Audi’s works Formula 1 team from 2026. The deal has been announced at the Qatar Grand Prix. A joint statement said the Qatar Investment Authority will be “a long-term investor and partner”, and provide “a substantial capital injection” that will help the team expand its infrastructure. The team is currently competing as Sauber and will be rebranded as the Audi works outfit for 2026 after Audi agreed on a full takeover earlier this year.
This content is used here with permission. To view the original visit: https://apnews.com/article/qatar-audi-f1-sauber-fe882ec7c26aba1a746a1cb4c890f283
 

You might also be interested in:

Salem News Channel Today

Sponsored Links

On Air & Up Next

  • The Larry Elder Show
    1:00AM - 3:00AM
     
    Larry Elder personifies the phrase “We’ve Got a Country to Save” The “Sage from   >>
     
  • The Chris Stigall Show
    3:00AM - 6:00AM
     
    Equal parts hilarity and desk-pounding monologues with healthy doses of skepticism and sarcasm.
     
  • The Morning Answer
    6:00AM - 9:00AM
     
    The Morning Answer with Jennifer Horn - Weekdays from 6:00 am to 9:00 am.   >>
     
  • The Alex Marlow Show
    9:00AM - 10:00AM
     
    In a time when political establishments, globalist bureaucracies, and   >>
     
  • The Scott Jennings Show
    10:00AM - 12:00PM
     
    Jennings is battle-tested on cable news, a veteran of four presidential   >>
     

See the Full Program Guide