By Jonathan Davies
The owner of the Miami Dolphins American football team has launched an $8 billion offer for a 35% stake in Formula 1.
Stephen Ross' firm RSE Ventures has teamed up with Qatar Sports Investment, which owns Paris Saint-Germain football club, to bid for CVC Capital Partners' 35.5% stake in the holding company that owns the sport.
The F1 calendar currently only has one US Grand Prix, in Texas. It's thought that a deal could lead to more races in the United States. It is thought that F1 may have a stronger chance of increasing its presence in the US if it had the support of businesses already established in the country and its sporting industry.
Led by Bernie Ecclestone, CVC has been Formula 1's largest stakeholder for the past decade, but has been gradually reducing its stake in recent years.