minority stake

Sauber have announced that Audi recently acquired a minority stake in the company, as preparations continue for the German manufacturer’s planned Formula 1 entry in 2026.

Audi initially confirmed at last year’s Belgian Grand Prix that they will join F1 when the new engine regulations – featuring increased electrical power and 100% sustainable fuels – are introduced in three years' time.

Jul 28, 2021 19:07
JOHANNESBURG: The National Basketball Association Tuesday announced that former US President Barack Obama Former has bought a minority stake in the NBA’s Africa business through his Obama Foundation.
Jun 09, 2021 10:06
PRIVATE EQUITY FIRM CVC Capital Partners would reportedly consider picking up a minority stake worth $600 million IF the men’s and women’s professional tennis tours were to be merged.
Nov 03, 2020 20:11
LONDON: Formula E Tuesday announced that it has become a minority shareholder in Extreme E - the radical new off-road motorsport championship which will see electric SUVs competing in remote ecosystems around the world.
Jul 28, 2020 19:07
PARIS: After the UAE and Qatar, it is the turn of Bahrain to invest in European football. Paris FC on Monday announced that the Gulf kingdom's sovereign wealth fund has acquired a 20% minority stake in the Ligue 2 club. With this injection of capital, PFC intend to achieve promotion to Ligue 1 in the next three years.
Feb 06, 2019 14:02
NEW DELHI: FC Basel Holding AG announced on Wednesday it is taking a minority stake (emphasis ours) in Chennai City FC (CCFC).  According to the deal, FC Basel Holding AG will acquire a 26% stake in the I-League club and will see the Swiss club lend technical expertise and knowledge to their Indian counterparts.