Qatar's sovereign wealth fund is in exclusive talks with the British Racing Drivers' Club (BRDC) to lease the Silverstone Formula One circuit, The Independent newspaper reported on Sunday.
The BRDC, which owns the circuit, is in talks with the Qatar Investment Authority (QIA) to lease the 850-acre Silverstone site for 150 years, in a deal expected to be worth up to £250 million (US$405.7 million), the paper said.
The Independent added that QIA was selected from a shortlist drawn up by PricewaterhouseCoopers .
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