The Qatar Investment Authority, the sovereign wealth fund of Qatar, will buy a “substantial minority” stake in Sauber, the Formula 1 team owned by Audi.

Audi have sold a minority stake in their Formula 1 team, it has been announced at the Qatar Grand Prix. The German car manufacturer are set to enter F1 in 2026, taking over the current Sauber-owned team who scored their first points of the season with an eighth placed Zhou Guanyu finish at the Qatar Grand Prix.

The deal will be completed next year, after Audi has taken full ownership of the Sauber team that is the basis for its entry. Qatar is the third largest shareholder in the Volkswa