Raine Group LLC, described in the business media as a ‘boutique merchant bank,’ is the latest organisation linked with the News Corp/Exor consortium’s interest in F1.
The likes of Bernie Ecclestone, CVC and Jean Todt have downplayed any possibility of a serious bid, but the story continues to gather momentum.
Sky News’s business editor Mark Kleinman says that Raine has been in contact with News Corp/Exor about a possible investment.
It was recently reported by the Financial Times that Raine, which has links with IMG, has $500m to spend on sports/media/entertainment assets.
Intriguingly Jeff Sine, co-founder and CEO of the company, was previously associated with F1 sponsor UBS.
Mubadala – the Abu Dhabi investment arm that a significant stake in Mercedes GP and is associated with Ferrari – has an investment in Raine.
Raine holds investments for a number of Hollywood stars, while other well known names involved in its fund apparently include Eric Schmidt (executive chairman of Google), Sean Parker (former president of Facebook), Marc Andreesen (founder of Netscape), the Lee family (Samsung) and Terry Semel (former chief executive of Yahoo), all of whom carry some clout.
Adam Cooper F1 
May be if they don’t follow through they can help this track. The Texas way use tax payers funds.
http://thinkprogress.org/2011/05/12/texas-f-1-racing/