Brunei investors buy into Lotus F1 team

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.

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. 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...

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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