No shares sold: Thai power at Red Bull unchanged

As a result, he and Mark Mateschitz (the son of the late co-owner Dietrich) would own an equal share of the company, enabling them to make decisions on an equal footing.

Thus, the Austrian faction would have had no obstacle to dismiss Horner, something they have wanted to do for some time. It's worth noting that GPblog had already reported that the Thai's patience with Horner was also running thin.

In any case, research from Motorsport-Total suggests that the Thai has not given up power at all.

The website dove into documents from the Austrian Chamber of Commerce and discovered that the Fides trust fund does indeed have two percent of the shares.

Fides is a company described in the commercial register as an independent, owner-managed multi-family office that provides trust, real estate, and family advisory services to international high-net-worth individuals.

The family business manages wealth for ultra-rich families. According to the German motorsports website, it is unclear on behalf of which of the two sides - the Thai or the Austrian side of Red Bull - the shares are managed. Red Bull GmbH has not commented.

However, the company's reference to ‘continuity’ suggests to the medium that Fides may be acting on behalf of Yoovidhya, indicating that the internal power dynamics may not have shifted at all.

In that case, GPblog's theory that Yoovidhya had also grown tired of Horner and had given his approval to dismiss the team principal of Max Verstappen is confirmed.