'Red Bull should have accepted $3 billion bid for Racing Bulls'

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The bid, which was reported by The Times, was said to be led by former F1 supremo Bernie Ecclestone's investigator, Dean Attew and financier Andrew Harriott. They are claimed to have approached Red Bull with an offer backed by Abu Dhabi-based funds.

Ben Hunt, GPblog's lead columnist, said that if he was in charge of Red Bull, he would have accepted the $3 billion offer, arguing that at a time when Red Bull are struggling with uncertainty over Max Verstappen's future, there isn't a need for Red Bull to have two teams in Formula 1.

Last month, McLaren team principal Zak Brown, again reiterated his stance against Red Bull owning more than one team on the grid. In an open letter ahead of the Monaco Grand Prix, he said it was time to "move to a state of true independence between teams".

GPblog columnist Hunt agrees with Brown's stance, saying: "I don't think it is necessarily fair to have two teams owned by the same umbrella group.