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
Man City beats Newcastle 3-1 to advance to English League Cup final
- Both City and Arsenal are still in contention for a clean sweep of trophies this season
MANCHESTER, England: It’s Manchester City vs. Arsenal in the English League Cup final.
The current top two in the Premier League will go head-to-head at Wembley Stadium next month after City beat Newcastle 3-1 on Wednesday to complete a 5-1 win on aggregate in the semifinals.
Both City and Arsenal are still in contention for a clean sweep of trophies this season. The League Cup is the chance to lift the first piece of major silverware this term and to potentially inflict a psychological blow in the race for the title.
“We’re here to win trophies and we give our best every day to reach these finals and win the silverware,” City forward Omar Marmoush — who scored two goals on the night — told Sky Sports.
Arsenal currently leads the standings by six points ahead of second-place City. Both teams are through to the round of 16 in the Champions League and and fourth round of the FA Cup.
The League Cup final is on March 22.
“It’s a pleasure to play against Arsenal, the best team right now in Europe, maybe the world,” City manager Pep Guardiola said. “As much (as) we (can) play against them, it will make us a better, better team.”
Two first-half goals from Marmoush at the Etihad effectively finished off Newcastle in a semifinal where City led 2-0 from the first leg. Tijjani Reijnders added another before the break.
Newcastle scored a consolation through substitute Anthony Elanga and prevented what looked like being a rout after the first 45 minutes.
Arsenal booked its place in the final with a 1-0 win against Chelsea on Tuesday to seal a 4-2 aggregate victory.
A growing rivalry
The final will continue the recent rivalry between the clubs, which has seen City beat Arsenal to the title in 2023 and ‘24. On both occasions Arsenal had led the way before being overhauled.
Mikel Arteta’s team is ahead again this season and aiming to win the title for the first time since 2004.
The League Cup would be Arteta’s first major trophy since his debut season as Arsenal manager when he won the FA Cup in 2020.
He was formerly Pep Guardiola’s assistant at City and victory in the final would see him finally beat his former colleague to a major trophy.
Guardiola, meanwhile, will get the chance to win a 16th major trophy since taking over at City in 2016 and his fifth League Cup.
City is looking to win it for the ninth time and move within one of Liverpool’s record haul of 10 in the competition.
Arsenal has won the trophy twice — most recently in 1993.
This year’s final will be a repeat of 2018, when Arteta was part of Guardiola’s coaching team as City triumphed.
Marmoush double
Marmoush bundled in City’s opener in the seventh minute when Dan Burn’s tackle rebounded off the Egypt international and into the net.
His second came from another defensive error in the 29th when Kieran Trippier’s attempted clearance looped up for Marmoush to head in from close range.
Reijnders drove home the third from inside the box three minutes later.
Elanga’s goal came in the 62nd and Newcastle had chances to score more.
