Explained: Who Owns Each Formula 1 Team After Qatar Confirms Audi Purchase
Read next: Formula 1 World Champions — A legacy of racing legends
Discover the current ownership structure of every Formula 1 team after Qatar confirmed its Audi stake purchase. Learn who controls F1's biggest teams, from Red Bull to Ferrari and Mercedes.
Formula 1 has grown into one of the most lucrative and globally recognized sports, attracting investors from around the world. Team ownership structures vary, with some teams backed by multinational corporations, sovereign wealth funds, and investment groups. Following Qatar’s confirmation of its investment in Audi’s F1 project, here’s a detailed look at who owns each Formula 1 team in 2024.
McLaren Formula 1 Team – McLaren Group & MSP Sports Capital
McLaren Racing operates under the broader McLaren Group, which oversees both the racing team and the automotive division. In 2023, Bahrain’s sovereign wealth fund, Mumtalakat, assumed full control of the McLaren Group, having first invested in 2007.
However, McLaren Racing also has external backing from American investment firm MSP Sports Capital. In 2020, MSP acquired a 15% stake for £185 million, increasing its share to 33% by 2022.
Scuderia Ferrari HP – Exor N.V., Piero Ferrari & Public Shareholders
Ferrari, the oldest and most successful team in Formula 1, underwent a significant ownership shift in 2015 when it was publicly listed on the New York and Milan stock exchanges.
Exor N.V., the holding company of Italy’s influential Agnelli family, holds the largest stake at 22.91%, while Piero Ferrari, son of founder Enzo Ferrari, owns 10%. The remaining 67.09% is publicly traded.
Oracle Red Bull Racing & Visa Cash App RB – Red Bull GmbH
Both Red Bull Racing and its sister team, Visa Cash App RB (formerly AlphaTauri), are owned by Austrian conglomerate Red Bull GmbH.
Following co-founder Dietrich Mateschitz’s passing in 2022, his 49% stake was inherited by his son, Mark Mateschitz. The other 51% remains with Thai businessman Chalerm Yoovidhya, son of Red Bull’s co-founder Chaleo Yoovidhya.
Mercedes-AMG Petronas F1 Team – Mercedes-Benz, Toto Wolff & INEOS
Mercedes operates under a three-way ownership model, with each stakeholder holding an equal one-third share.
Originally, Daimler (now Mercedes-Benz Group) acquired Brawn GP in 2010. Over time, Toto Wolff purchased a 30% stake, and INEOS, led by British billionaire Jim Ratcliffe, entered the ownership structure in 2020.
Aston Martin Aramco F1 Team – AMR Holdings GP Limited & Arctos Partners
Canadian billionaire Lawrence Stroll leads the ownership of Aston Martin’s F1 team under AMR Holdings GP Limited. Stroll initially took control of Racing Point in 2019 before rebranding to Aston Martin in 2021.
In 2023, private equity firm Arctos Partners acquired a minority stake. Rumors suggest title sponsor Aramco could increase its investment, but no official confirmation has been made.
MoneyGram Haas F1 Team – Haas Automation
Haas F1 is the only team wholly owned by a single entity. American businessman Gene Haas, founder of Haas Automation, remains in full control.
Though financially outgunned by larger teams, Haas has secured significant sponsorship deals, including a title partnership with MoneyGram and a technical collaboration with Toyota.
BWT Alpine F1 Team – Renault Group & Otro Capital
French automotive giant Renault owns a majority stake in the Alpine F1 Team. However, in June 2023, Renault sold a 24% share to Otro Capital, an American investment group.
Otro Capital’s investors include high-profile athletes and celebrities such as Ryan Reynolds, Rob McElhenney, Patrick Mahomes, Travis Kelce, and Rory McIlroy.
Williams Racing – Dorilton Capital
Founded by Sir Frank Williams in 1977, Williams Racing remained a family-run operation until 2020, when financial pressures led to its sale.
US-based private equity firm Dorilton Capital acquired the team, and since then, Williams has undergone restructuring efforts to regain competitiveness in Formula 1.
Stake F1 Team Kick Sauber – Audi & Qatar Investment Authority
Sauber, currently competing as Stake F1 Team Kick Sauber, has seen a significant shift in ownership with Audi’s entry into Formula 1.
In January 2023, Audi acquired a minority stake in Sauber before taking full control in March 2024. Later that year, Audi announced that it had sold approximately 30% of the team to the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar.
QIA, managing assets worth around $526 billion, now holds a key stake in the team as Audi prepares to transition the outfit into a full-fledged factory operation for 2026.
Conclusion
Formula 1 team ownership is as diverse as the global appeal of the sport itself, featuring a mix of corporate giants, sovereign funds, and private investors. With Audi and Qatar strengthening their presence on the grid, F1’s financial landscape continues to evolve, shaping the future of the sport both on and off the track.
Up Next
