Porsche tipped to buy 50% stake in Red Bull Racing F1 team

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Porsche could also be searching for a much bigger position in System 1 than merely serving as an influence unit provider.

Motorsport reported on Wednesday that Porsche plans to purchase 50% of the Crimson Bull Racing F1 workforce, citing authorized paperwork equipped in July to anti-cartel authorities across the globe, together with in Morocco the place such data is made public.

The paperwork allegedly talked about a 50% purchase in of “Crimson Bull Expertise,” however Motorsport reported the deal may also prolong to the Crimson Bull F1 workforce. Motorsport additionally reported the deal could also be formally introduced as quickly as August 4.

Whereas Porsche has stated it’s inspecting an F1 entry, the automaker hasn’t formally introduced plans to enter the game, both as a workforce proprietor or energy unit provider. Nevertheless, outgoing Volkswagen Group CEO Herbert Diess let slip in Could that Porsche along with fellow VW Group model Audi have been given the inexperienced mild to enter F1.

Porsche logo

Porsche emblem

Audi is assumed to have made an try to buy McLaren as a method to enter F1. It is presently thought Audi is now in negotiations with Sauber, which presently competes in F1 as Alfa Romeo.

Based on Motorsport, Porsche and Crimson Bull Racing deliberate to make their partnership identified throughout the 2022 Austrian Grand Prix in mid-July however determined to place issues on maintain till after the FIA accepted rules for the brand new energy unit on account of be launched in 2026. One of many key situations for Porsche is using 100% sustainable gas, one thing that was confirmed by F1 organizers this week.

Porsche has a historical past in F1. It competed as a constructor within the Fifties and ‘60s after which briefly as an influence unit provider within the Eighties and early ‘90s. Whereas Audi hasn’t competed in F1, it does have a historical past of grand prix racing, having dominated on racetracks along with Mercedes-Benz throughout the Thirties, when it was the Auto Union.

Keep tuned.

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