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Porsche takes 50 per cent stake in Red Bull

Porsche takes 50 per cent stake in Red Bull

27-07-2022 14:32 Last update: 15:14
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GPblog.com

It had been in the air for months, but according to Motorsport.com Porsche will return to Formula 1. Due to a disclosure obligation, it was reported that the company is taking over 50 per cent of Red Bull.

Since the announcement of the new engine regulations, it has been rumoured several times that Porsche and Red Bull wanted to work together in the future. Behind the scenes both parties spoke to each other several times and that seems to have resulted in an agreement.

In Morocco information has been revealed about the approval of the application made by Porsche and Red Bull GmbH. This would state that Porsche would take over half of the shares, giving it a 50% stake in the team's entire Formula 1 operation from 2026.

Red Bull and Porsche had planned to release the news around the Austrian Grand Prix. However, as the approval of the engine regulations for 2026 was postponed, both parties decided it would be better to send out the press release later.

AlphaTauri to remain in Red Bull's hands

There is also reportedly a significant chance that AlphaTauri will take to the tracks in four years' time with a Porsche engine. However, it is not the case that the engine supplier will also have an interest in the Italian racing team.