Champ Kind Posted June 23, 2015 Share Posted June 23, 2015 * RSE/Qatar want 35.5 percent of Formula One * Looking to acquire CVC's controlling stake * F1 chief says there are several potential bidders (Adds details, background, byline) By Freya Berry LONDON, June 23 (Reuters) - RSE Ventures, which owns the Miami Dolphins NFL team, is joining forces with Qatar to buy a controlling stake in Formula One in a deal worth $7-8 billion, a source familiar with the matter told Reuters on Tuesday. RSE is looking to acquire the 35.5 percent stake from private equity fund CVC Capital Partners Ltd, who sold down its holding from 63 percent in 2012 in deals that at the time gave the business an enterprise value of $9.1 billion. The commercial side of Formula One is run by 84-year-old British billionaire Bernie Ecclestone, who has turned the sport into a global money-spinner in more than four decades of deal making. View the full article Quote Link to comment Share on other sites More sharing options...
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