Sports : Formula 1, GP2 and Football
Agag business activity within sports, mainly focuses on motorsport and football. According to the Spanish newspaper ‘El Pais’, Agag, together with Flavio Briatore, acquired very early on the Formula One T.V. rights for Spain. This was achieved via a U.K. based company and played a key role in the huge expansion of Formula One in Spain where television audiences have multiplied over the past few years. Agag is also very heavily involved in the ‘sponsorship’ side of the business, he is said to be behind some of the major deals lately achieved in the sport.
Agag owns the Barwa Addax GP2 Series Team which won the title in 2008 and was runner-up in 2009. He took over the Team from former F1 driver, Adrián Campos, in mid-2007. The team’s main sponsor is the Qatari real estate company, Barwa. Three drivers from Addax, Romain Grosjean, Vitaly Petrov and Lucas di Grassi, have made it to the F1. In 2010, Agag started competing in GP3 with the Addax GP3 Team.
Through his connection within sport, Agag has formed friendships with Flavio Briatore, Bernie Ecclestone and Lakshmi Mittal. Together, they bought the English football club Queens Park Rangers in 2007.
Agag served as Chairman of QPR for a few months during the take-over. Following which he remained in the Club as a shareholder. THE PLAN, as declared by Flavio Briatore, was to get QPR promoted to the English Premier League. A feat that was achieved in 2011.
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