LUSAIL, Qatar: 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 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 it reached agreement for a full takeover earlier this year.
“This additional capital will accelerate the team’s growth and is yet another milestone on our long-term strategy,” Audi chief executive Gernot Döllner said in the joint statement.
Qatar is already an investor in the Volkswagen Group, of which Audi is a part.
“QIA believes that Formula 1 is a sport with significant untapped investment potential,” QIA chief executive Mohammed Saif Al-Sowaidi said.
“The increasing commercialization of professional sports as an entertainment offering globally, and the increasingly global popularity of Formula 1, has made for an exciting opportunity for our first major motorsports investment.”
Sauber is changing both of its drivers for 2025, when Nico Hülkenberg and rookie Gabriel Bortoleto arrive to replace Valtteri Bottas and Zhou Guanyu.
It is the only team yet to score a point this season. Bottas placed 13th and Zhou 19th in Friday’s qualifying for the Saturday sprint race, which was the first competitive session since the agreement was announced.
Qatar’s sovereign wealth fund takes a stake in Audi’s future F1 team
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Qatar’s sovereign wealth fund takes a stake in Audi’s future F1 team
- the Qatar Investment Authority will be “a long-term investor and partner” in the Audi F1 team
Desert Vipers hold nerve to edge Abu Dhabi Knight Riders in ILT20 thriller
- Key contributions from Shimron Hetmyer and Khuzaima Tanveer prove decisive as the Vipers weather tense finish to overhaul target of 171
- Knight Riders start well, reaching 87 in 10 overs, but momentum shifts in second half of their inning as the Vipers’ spinners struck back
SHARJAH: Desert Vipers made it two wins out of two in the DP World International League T20, as they held their nerve to secure a dramatic two-wicket victory over Abu Dhabi Knight Riders at the Sharjah Cricket Stadium on Friday.
Shimron Hetmyer’s counterattacking 48 off 25 balls, and a late-order cameo from Khuzaima Tanveer, who hit 31 off just 12 deliveries, proved decisive as the Vipers weathered a tense finish to overhaul a target of 171.
Sent in to bat, the Knight Riders made a confident start through Phil Salt and Alex Hales, with the latter anchoring the inning to top-score with 53 off 37 balls.
Despite reaching 87 in 10 overs, however, the momentum shifted in the second half of the inning as the Vipers’ spinners began to strike regularly. Qais Ahmad and Noor Ahmad led the middle-overs fightback, dismissing Hales and triggering a collapse as the Knight Riders lost five wickets.
Andre Russell’s unbeaten 36, and useful contributions from Alishan Sharafu and Unmukt Chand, at least helped Abu Dhabi reach a competitive total, but they were unable to fully capitalize on the side’s strong opening.
The Vipers began explosively in reply, smashing a tournament-record 19 runs from the first over. However, early wickets then left them wobbling on 44/3. Sam Curran and Dan Lawrence rebuilt the attack before the latter combined with Hetmyer for a crucial 68-run stand that swung the contest back in the their favor.
Late strikes from Ajay Kumar and Russell, the latter dismissing Hetmyer for his 500th T20 wicket, set up a tense finish, but Tanveer delivered under pressure. Needing eight runs off the final over, he sealed victory with a six and a boundary.
“It was, in many ways, a fortunate escape but an outstanding result for us,” said Curran, the Vipers’ stand-in captain.
“ADKR possess a very powerful batting lineup, and I believe our bowlers performed exceptionally well throughout the innings. The dismissals of Hetmyer and Dan introduced an unexpected twist but the team showed commendable composure in the crucial moments.”
Knight Riders’ stand-in skipper Sunil Narine felt his side had been lacking with the bat: “We were 15-20 runs short. We began well in the powerplay and that phase was crucial for us.
“The conditions eventually worked in their favor and the dew made it challenging for our spinners. But at the end of the day that’s part of the game.”
The result leaves the Vipers well placed at this early stage of the tournament, while the Knight Riders were left to reflect on missed opportunities after such a strong start.
