Brunei investors buy into Lotus F1 team

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Lotus1Wealthy individuals linked to the royal family of Brunei are among the buyers of a 35 per cent stake in the Lotus Formula 1 racing team, which has been sold by its 100 per cent owner, Luxembourg-based Genii Capital, as announced on June 18.

The buyer consortium, UK-registered Infiniti Racing, consists of three companies which are Crescent Investment Management (New Jersey), Al Manhal International Group (Abu Dhabi) and Universal Sports Group (Brunei), with their shareholding split 20-20-60.

Little information is available on Universal Sports Group, believed to be in the hands of the royal family of Brunei. The Sultan of Brunei is worth around $19 billion and has a car collection of 7,000 cars, reckoned to be worth about $5 billion. However, the only family member who has shown any active interest in Formula 1 is Prince Jefri, one of the Sultan’s brothers, who once was a sponsor of Ferrari.

The other individuals behind Infiniti Racing are Pakistan-born Mansoor Ijaz, the boss of Crescent,who is a well-known investment figure in the US, and Suhail Al Dhaheri, CEO of Al Manhal, a former pilot who owns the Al Manhal company that has diverse interests including investment, structured financing, project management, telecommunications, renewable Energy, oil & gas, refinery projects, construction and real estate, as well as motor sports.

Infiniti Racing has said it wants to be “number one with Lotus in Formula 1 in 12 months and not sit idle in the background,” as such being a challenger of leading F1 team Red Bull Racing.

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Reading Time: 2 minutes

Wealthy individuals linked to the royal family of Brunei are among the buyers of a 35 per cent stake in the Lotus Formula 1 racing team, which has been sold by its 100 per cent owner, Luxembourg-based Genii Capital, as announced on June 18.

Reading Time: 2 minutes

Lotus1Wealthy individuals linked to the royal family of Brunei are among the buyers of a 35 per cent stake in the Lotus Formula 1 racing team, which has been sold by its 100 per cent owner, Luxembourg-based Genii Capital, as announced on June 18.

The buyer consortium, UK-registered Infiniti Racing, consists of three companies which are Crescent Investment Management (New Jersey), Al Manhal International Group (Abu Dhabi) and Universal Sports Group (Brunei), with their shareholding split 20-20-60.

Little information is available on Universal Sports Group, believed to be in the hands of the royal family of Brunei. The Sultan of Brunei is worth around $19 billion and has a car collection of 7,000 cars, reckoned to be worth about $5 billion. However, the only family member who has shown any active interest in Formula 1 is Prince Jefri, one of the Sultan’s brothers, who once was a sponsor of Ferrari.

The other individuals behind Infiniti Racing are Pakistan-born Mansoor Ijaz, the boss of Crescent,who is a well-known investment figure in the US, and Suhail Al Dhaheri, CEO of Al Manhal, a former pilot who owns the Al Manhal company that has diverse interests including investment, structured financing, project management, telecommunications, renewable Energy, oil & gas, refinery projects, construction and real estate, as well as motor sports.

Infiniti Racing has said it wants to be “number one with Lotus in Formula 1 in 12 months and not sit idle in the background,” as such being a challenger of leading F1 team Red Bull Racing.

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