First details of Porsche’s F1 buy-in of Red Bull revealed

The first details of Porsche’s planned 50% buy-in of the Red Bull Formula 1 team have been revealed in legal documents, ahead of a potential announcement next month.

First details of Porsche’s F1 buy-in of Red Bull revealed

Despite the lack of any official press release announcing that the long-rumoured partnership between the German manufacturer and the Milton Keynes-based F1 squad is go, formal processes have begun to ensure that the tie-up does not hit a snag.

One of the hurdles that needed to be overcome was a green light from anti-cartel authorities around the world to ensure that there was nothing untoward in the two companies joining up.

As well as this needing to be done in the European Union, it also required applications to be lodged in more than 20 countries outside the EU.

One of these is Morocco, whose government legislation stipulates that applications are subject to mandatory publication once approved.

The process to get the green light has required Porsche and Red Bull to reveal details of their tie-up, which have now been published in Morocco by the Conseil de la Concurrence.

The document reveals that Porsche notified the Conseil on 8 July that it will be setting out on a 10-year partnership with Red Bull – which includes a 50% stake in its grand prix operation.

It suggests the partnership will be formally announced on 4 August.

PLUS: Explaining the key aspects of Porsche and Audi's planned F1 entries

Max Verstappen, Red Bull Racing RB18, Sergio Perez, Red Bull Racing RB18

Max Verstappen, Red Bull Racing RB18, Sergio Perez, Red Bull Racing RB18

Photo by: Alastair Staley / Motorsport Images

This week’s notification mentioned only a 50% buy in of Red Bull Technology, but it is understood that the partnership will also extend to the separate F1 team business as well.

The revealing of the details by authorities, even before the announcement has been made public, has partly been triggered by delays in a formal green light from Porsche for its F1 return.

The original plan had been for its partnership to be announced at the Austrian Grand Prix three weeks ago.

However, that idea was postponed because the FIA World Motor Sport Council did not approve the engine regulations from 2026 as announced on 29 June. Finalised engine regulations are a prerequisite for Porsche to officially communicate its entry into Formula 1.

While the Moroccan document only mentioned Red Bull, its sister squad AlphaTauri will in all likelihood also compete with Porsche power - anything else would be illogical in view of the synergies sought between Red Bull Racing and AlphaTauri.

The Faenza-based team will, however, remain 100% in the hands of Red Bull.

Read Also:

The second brand of the Volkswagen Group, Audi, whose Formula 1 entry has already been approved by all the necessary bodies, is not yet as far along with its project as Porsche.

Autosport understands that the Ingolstadt-based company is still negotiating with Sauber owner Finn Rausing about the acquisition of 75% of the team shares.

The Volkswagen Group's Supervisory Board had already given the green light for Porsche and Audi's Formula 1 entry on 7 April, and approved the corresponding budgets after all the boards of the two brands had previously given their consent.

Doubts arose briefly recently because Volkswagen Group CEO Herbert Diess announced his resignation on 22 July.

However, Diess will be replaced on 1 September by the CEO of Porsche AG, Oliver Blume, who was already one of the major supporters of the Formula 1 programme at brand level at Porsche.

Additional reporting by Luke Smith.

shares
comments

Related video

How AlphaTauri’s F1 update addressed its biggest weakness
Previous article

How AlphaTauri’s F1 update addressed its biggest weakness

Next article

McLaren still feeling "aftershock" of Bahrain GP F1 troubles

McLaren still feeling "aftershock" of Bahrain GP F1 troubles
The forgettable final car of a former F1 giant that gave Damon Hill his start Plus

The forgettable final car of a former F1 giant that gave Damon Hill his start

While it launched the F1 career 
of a future world champion, STUART CODLING recalls that the BT60 was also the final nail in the coffin of a once-great marque 30 years ago. Here is its story

How departing F1 boss Brawn views F1’s new rules - and the future Plus

How departing F1 boss Brawn views F1’s new rules - and the future

Multiple-title-winning designer and team boss Ross Brawn is finally leaving Formula 1 after nearly 50 years in motorsport. But he still has plenty of insights on what’s working and what comes next, as he revealed to Autosport in a far-reaching exclusive interview in Abu Dhabi

Formula 1
Dec 2, 2022
The key F1 management call Ferrari must make to avoid more defeat Plus

The key F1 management call Ferrari must make to avoid more defeat

OPINION: Mattia Binotto’s departure from Ferrari will naturally bring a range of changes across the Formula 1 team. But how the changes shape up and the impact they could have is set to be dictated by a key direction Ferrari’s top dogs will need to pick

Formula 1
Nov 30, 2022
The difference between Mercedes’ stumble and the fall of F1 giants Plus

The difference between Mercedes’ stumble and the fall of F1 giants

OPINION: Mercedes endured its worst season of the hybrid Formula 1 era, but was mercifully spared its first winless campaign in over a decade late on. It has owned up to the mistakes it made which led to its troubled W13. And while its task to return to title-challenging contention is not small, its 2022 season seems more like a blip than the beginning of a downward spiral.

Formula 1
Nov 29, 2022
The physical focus bringing out the best of an F1 midfield star Plus

The physical focus bringing out the best of an F1 midfield star

Esteban Ocon likes to point out he’s the first driver since Lewis Hamilton to emerge from a spell as Fernando Alonso’s team-mate with a superior overall points record. While some may disagree, as LUKE SMITH discovered, the 2021 Hungarian GP winner reckons it’s not just luck which has made him France’s pre-eminent Formula 1 driver of the moment…

Formula 1
Nov 28, 2022
How Red Bull's dynamic leader shaped its F1 philosophy Plus

How Red Bull's dynamic leader shaped its F1 philosophy

The death of Dietrich Mateschitz last month has not only deprived Red Bull of its visionary founder, it has shorn Formula 1 of one of its most influential benefactors. Mateschitz himself was famously media-shy, preferring to let the brand do the talking on his behalf. And, while it’s now normal to speak of Red Bull F1 titles and champions made, Mateschitz never assumed it would be easy or even possible – as ANTHONY ROWLINSON discovered during this previously unpublished interview from 2006…

Formula 1
Nov 27, 2022
Can Mercedes break Formula 1's cycle of doom? Plus

Can Mercedes break Formula 1's cycle of doom?

OPINION: Teams that have dominated for long periods throughout Formula 1's history often take years to get back to the top of the tree once they've slipped down. But it remains to be seen whether the same will happen to Mercedes after a challenging 2022 season

Formula 1
Nov 24, 2022
What hurt Perez most in his ill-fated fight for second in Abu Dhabi Plus

What hurt Perez most in his ill-fated fight for second in Abu Dhabi

Arguably the favourite in the battle to finish second best in 2022's Formula 1 standings, Sergio Perez's two-stop strategy at Abu Dhabi couldn't take him ahead of Charles Leclerc when the music stopped - and several key factors ultimately precluded him from the much-coveted runner-up spot

Formula 1
Nov 23, 2022