Crypto Billionaire Edward Craven Buys Sauber F1 Team, Renames It Stake F1 for 2024 Season
• 28-year-old Australian crypto billionaire Edward Craven purchases Sauber F1 team, to be renamed Stake F1 Team from 2024 • Craven owns cryptocurrency and gambling company Stake.com, worth billions, with major sports sponsorships • Stake.com generates average of $400 million USD per day from online casino and sports betting • Craven also launched streaming platform Kick.com in 2022 to rival Amazon's Twitch • Stake had sponsored Alfa Romeo F1 Team and is now taking full ownership and renaming from 2024