Audi and Cadillac, side by side
The same lines as the two team dossiers, set beside each other. Each line is one record, printed as its source printed it. Where a column says "None in this record", no confirmed record names that team there; it is not a statement about the team.
Who owns it
Who owns each team now, each line in its document's own words with that document's date. Stake sales are listed apart.
Audi
No current owner is stated in this record; see stake sales.
Cadillac
None in this record.
Disclosed stake sales
Each sale a party to it announced, newest first. A sale is an event on its date, not a statement of who owns the team now.
Audi
- Buyer Qatar Investment Authority
- Stake, as stated
- a significant minority stake in Sauber Holding AG
- Price, as stated
- not disclosed: no price stated in the announcement
- Valuation, as stated
- not disclosed: no valuation stated in the announcement
- Announced
- 29 November 2024
Source AUDI AG, Qatar Investment Authority,Quote
Audi F1 Project strengthened by investment from QIA. Published by a party to it, AUDI AG, 29 November 2024. It says:
Audi and Qatar Investment Authority (QIA) team up to accelerate the preparation for the Formula 1 entry of the four rings in 2026. QIA, the sovereign wealth fund of the State of Qatar, has signed definitive agreements to acquire a significant minority stake in Sauber Holding AG, the future factory team of Audi. paragraph 1
11/29/2024 dateline
QIA investment strengthens Audi F1 Project. Published by a party to it, Qatar Investment Authority, 29 November 2024. It says:
DOHA, Friday 29 November: QIA, the sovereign wealth fund of the State of Qatar, has signed definitive agreements to acquire a significant minority stake in Sauber Holding AG, Audi's future factory team. paragraph 1
- Buyer Audi (brand name as printed)
- Seller
- Islero Investments AG
- Stake, as stated
- 100 percent of Sauber Holding AG
- Price, as stated
- not disclosed: no price stated in the release
- Valuation, as stated
- not disclosed: no valuation stated in the release
- Announced
- March 2024 as stated: March 2024
- Completed
- January 2025
Source AUDI AG, undated; read 12 November 2026 AUDI AG, undated; read 12 November 2026Quote
Audi accelerates preparations for successful entry into Formula 1 and significantly expands its commitment. Published by a party to it, AUDI AG, undated; read 12 November 2026. It says:
In this context, Audi plans to take over 100 percent of Sauber Holding AG. A corresponding agreement has been reached with the current majority shareholder Islero Investments AG, which fully supports the change. In addition to chairing the shareholder committee of Audi Formula Racing GmbH, Oliver Hoffmann will become Chairman of the Board of Directors of all Sauber companies. media release of 03/08/2024, body
In a nutshell: The Audi F1 Project. Published by a party to it, AUDI AG, undated; read 12 November 2026. It says:
March 2024 Audi announces the complete takeover of Sauber ahead of schedule. page 18, timeline, March 2024
January 2025 With the complete takeover of Sauber Holding AG, Audi takes another important step on its way into Formula 1. The complete takeover paves the way for the Qatar sovereign wealth fund to come on board as an investor with a capital increase. page 18, timeline, January 2025
Cadillac
None in this record.
Drivers and their terms
Drivers announced for 2027, with the term as the team stated it. A driver under contract with no term stated, and a reserve, is not counted as a 2027 seat.
Audi
No 2027 race seat announced in this record.
Cadillac
- Sergio Pérez
- Role
- race seat the team's words: will continue with the U.S. team
- 2027 seat
- confirmed for 2027
- Term, as stated
- multi-year contract extension, committing to the American project until at least 2029
- Contract through
- 2029
- Announced
- 28 October 2026
Source Cadillac Formula 1 Team,Quote
THE CADILLAC FORMULA 1® TEAM COMMIT TO CHECO PÉREZ WITH MULTI-YEAR EXTENSION UNTIL AT LEAST 2029. Published by a party to it, Cadillac Formula 1 Team, 28 October 2026. It says:
October 28, 2026 — Mexico City, Mexico — TheCadillac Formula 1® Team today confirmed that Sergio “Checo’’ Pérez will continue with the U.S. team with a multi-year contract extension, committing to the American project until at least 2029. release, dateline and first paragraph
Second 2027 race seat: not yet in this record.