The owner of the Miami Dolphins, the American football team, is teaming up with Qatar to take control of Formula One, in a $7 billion to $8 billion deal that could see the sport finally break into the US market (Tweet this).
RSE Ventures, a company founded by the 75-year-old property and sports tycoon Stephen Ross, wants to buy 35.5 percent of the holding company that owns F1 from Europe's largest buyout group CVC Capital Partners. It is being backed by Qatar Sports Investments, which also owns the Paris Saint-Germain football club.