Dolphins Owner Stephen Ross Looking To Dip His Toe Into Another Sport, F1 Racing
A buiness group headed by Miami Dolphins owner Stephen Ross is reportedly looking in to a takover bid of Formula One Racing. RSE Ventures, a company founded and owned by Ross is looking at a big to buy out the shares of Formula One Currently held by CVC Capital Partners. CVC holds a controlling interest in Formula One with 35.5 percent of the racing series.
The deal is believed to be worth between 7 and 8 billion dollars and is backed by Qatar Sports investments.