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Forest Road, Ares Billionaire Co-Founders Buy Formula E Team

  • Post category:Motor Sport
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Two billionaire co-founders of Ares Management and asset manager Forest Road have purchased the ERT Formula E team, which has been rechristened Kiro Race Co. ahead of the next season of the electric race car world championship circuit. Forest Road, a Los Angeles-based manager of some $127 million in assets, acquired all the equity of …

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