The sovereign wealth fund of Qatar is acquiring a “significant minority stake” in what will become Audi's works Formula 1 team from 2026, in a deal announced Friday ahead of 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 Qatar Investment Authority is buying a stake in the Audi Formula One racing team, joining other Gulf sovereign funds who have been channeling their vast wealth into global sports franchises.

The Qatar Investment Authority (QIA), the Gulf country's estimated $510 billion sovereign wealth fund, has signed binding agreements to buy a significant minority stake in Audi's Formula 1 team, the fund and carmaker said on Friday.

Max Verstappen won big in Las Vegas with his fourth world title but the fight for Formula 1’s biggest cash prize is hotting up this week in Qatar.

Max Verstappen won big in Las Vegas with his fourth world title, but the fight for Formula 1's biggest cash prize is heating up this week in

McLaren has a chance to secure the constructors' championship at the 2024 Qatar Grand Prix. Here's what they need to do to end their 26-year title drought.