Legal documents reveal that Porsche plans to acquire a 50% stake in the Red Bull F1 team. It is suggested that it will be announced on Monday, August 4th.
The partnership between Porsche and the Red Bull F1 team has long been rumored. No official press release has been released that the deal has been closed, but the formal process has begun to ensure that the alliance goes smoothly.
One of the hurdles that needs to be overcome is approval from anti-cartel authorities around the world to ensure that the two participating companies are not at a disadvantage. It also requires filing applications not only in the European Union, but in more than 20 countries outside the EU.
One of these is Morocco, and Moroccan government law stipulates that once an application is approved, it will be compulsorily published.
The Moroccan government’s approval process required Porsche and Red Bull to reveal details of the partnership, and the document is now published by Conseil de la Concurrence.
The document reveals that Porsche has informed Conseil de la Concurrence. On July 8 that it will embark on a 10-year partnership with Red Bull. This includes a 50% stake in the Grand Prix business. It also suggests that the partnership will be officially announced on August 4.
This week’s notice only mentions Porsche’s 50% stake in Red Bull Technology, but it is understood that the partnership extends to another F1 team business.
Disclosure of details by the authorities prior to the announcement was partially triggered by a delay in formal approval from Porsche for the return to F1.
The original plan was for the Porsche-Red Bull partnership to be announced at the Austrian Grand Prix three weeks ago.
However, the idea was postponed because the FIA World Motor Sport Council did not approve F1 engine regulations from 2026 on June 29th. The final version of F1 engine regulations is a prerequisite for Porsche to officially communicate its entry into F11.
Moroccan documents only mention Red Bull, but its sister team, AlphaTauri, will probably also have a Porsche engine. Given the synergies required between Red Bull Racing and Scuderia AlphaTauri, it’s illogical.
However, Scuderia AlphaTauri is in the hands of 100% Red Bull.
Audi, another Volkswagen Group brand, has already been approved by all agencies that require F1 entry, but the project is not yet as advanced as Porsche.
Audi is reportedly still in talks with Sauber owner Finlausing to acquire a 75% stake in the team.
The Volkswagen Group Audit & Supervisory Board has already given a go-ahead to Porsche and Audi’s F1 entries on April 7, approving the corresponding budget after all the boards of the two brands have agreed in advance.
However, Volkswagen Group CEO Herbert Diess announced his resignation on July 22, which recently raised some temporary questions. However, Dís will replace Porsche AG CEO Oliver Blume on September 1. Oliver Blume was already one of Porsche’s leading supporters of the F1 program at the brand level.
Category: F1 / Red bull / Porsche