“Porsche will not be a shareholder in Red Bull”, assures Helmut Marko

“Porsche will not be a shareholder in Red Bull”, assures Helmut Marko

Although it was expected that the agreement between Red Bull and Porsche would be formalized soon, it appeared that their partnership was now in tatters…

During the Austrian Grand Prix, Red Bull and Porsche seemed to agree on a “partnership of equals” and thus mean it. the takeover of 50% of the shares of the Austrian company’s F1 operations by the German manufacturer. And although official confirmation was expected soon, it seems so Red Bull has finally changed its mind… In fact, Helmut Marko recently told F1-Insider that Porsche will not be a shareholder of the Austrian team.. Correction of the condition that is actually associated with it fear on the part of Red Bull of losing control of the decisions that will be made about his team.

Are other types of agreements possible?

The consultant and head of the youth sector of Red Bull added, however, that even if the participation was no longer expected, it is. however, it did not close the door to a different partnership involving Red Bull Powertrains. But talks seem to have stalled for now… “We said that we will be the engine manufacturer ourselves from 2026. There have been discussions with Porsche, but we are very determined to build an engine – the very first Red Bull engine. This is an exciting new chapter for Red Bull, and whether we will have a partner or not for this is a discussion,” he explained. And even if his agreement with Porsche was eventually terminated altogetherHelmut Marko makes sure of that Red Bull will not get any results. “We have all the ability to build our own engines, we have invested, we have the infrastructure, we have the workers, we have the resources. We are independent and we can remain that way. If a manufacturer wants to join us, this will be possible.” to respect this DNA”, he concluded. To be continued…

Posted on 09/08/2022 Updated 09/08/2022