Date: 24th June 2015 at 8:38am
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Miami Dolphins American football team owner Stephen Ross hopes to buy a stake in Formula One.

The 75-year-old who is also aiming to bring a Major League Soccer team to Miami by working with former England football international David Beckham, is reported to have a net worth of US$ 6.5 billion.

He is said to be working with investors from Qatar Sports Investments, who own Paris St-Germain football club, to buy CVC Capital Partners 35.5% stake in the holding company that owns F1, a deal which could be worth around $8billion.

It is believed that no formal bid has yet been lodged and that due diligence is still being undertaken.

CVC Capital Partners and Qatar Sports Investments have refused to comment, whilst RSE Ventures who were founded by Ross told the BBC: ‘we can’t comment at this time’.