The Qatar Investment Authority (QIA) announced that it had acquired a significant minority stake in Sauber Holding AG, which will become Audi’s F1 factory team in 2026.

With Audi set to enter Formula 1 as a works outfit after the takeover of the Sauber F1 team by 2026, the German automaker has announced the sale of the new team

Audi is to sell a stake in its Formula 1 entry to Qatar’s sovereign wealth fund, QIA. A statement from the German car company said the Gulf state would buy a “significant minority” in the team, which is entering F1 in 2026. The deal will be completed next year, after Audi has taken full ownership of the Sauber team that is the basis for its entry.