• Loading stock data...
Sunday December 22, 2024

Porsche to Acquire 50% Stake in Red Bull Formula 1 Operations

  • Porsche’s main responsibility in the partnership will be to develop power units for Red Bull Racing and Alpha Tauri cars.
  • Red Bull said that the joint venture was still under discussion, citing FIA’s imminent approval of the 2026 engine changes.
David Kirouac-USA TODAY Sports

After months of speculation, Porsche is entering Formula 1 with one of the competition’s top teams — and claiming a massive stake in its future success.

A new document from Morocco’s Conseil de la Concurrence reveals the German auto manufacturer is acquiring 50% of Red Bull Technology LTD — the subsidiary of the energy drink conglomerate primarily responsible for its F1 operations. Motorsport-Total was the first to report on the press release.

Financial terms of the deal have not been disclosed.

Porsche’s main responsibility in the partnership will be to develop power units for Red Bull Racing and Alpha Tauri cars.

Red Bull said that the joint venture was still under discussion, citing FIA’s imminent approval of the 2026 engine changes.

  • Motorsport’s governing body is expected to require all F1 power units to run on 100% sustainable fuel, place a larger emphasis on electrical power, and not feature an MGU-H.
  • The new regulations are expected to be finalized sometime in August.

Red Bull is partnered with Oracle on a five-year, $500 million title sponsorship deal. It remains to be seen how that will be affected by the changes in 2026.

Volkswagen’s F1 Resurgence

Assuming the partnership goes through, it’ll be a huge return to F1 for Porsche.

The Volkswagen AG subsidiary previously entered a team in the World Championships from 1957 through 1962 and supplied power units to McLaren under the TAG badge from 1983 through 1987.

Another Volkswagen brand — Audi — is rumored to be teaming up with McLaren F1 for 2026.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

How Esports’ Biggest Juggernaut Created Its Own Mainstream

League of Legends has a festival atmosphere and the most coveted demographic.
Liberty-Media

F1, Braves Power Liberty Media’s Q3

Liberty Media reported revenue increases across F1, Braves Group, and SiriusXM.
NASCAR-Cup-Series

NASCAR Races Back With 4% TV Growth in 2022

NASCAR has bounced back in 2022, averaging more than 3 million viewers over 37 races this season. That’s a 4% increase over last year.

Ryan Reynolds Reportedly Interested in Buying Ottawa Senators

The Vancouver native would reportedly prioritize keeping the Sens in Ottawa.
podcast thumbnail mobile
Front Office Sports Today

Are Legacy Games Hurting NFL Thanksgiving?

0:00
0:00

Featured Today

Commanders Sale Could Hit $7B, Durant Wants In

A Washington Commanders sale could be wrapped up by the spring.
November 6, 2022

How the Astros Won the World Series Without Breaking the Bank

The Astros won the World Series with underpriced talent.
November 5, 2022

ESPN College GameDay Means More to Schools Than a Saturday Morning Spotlight

Schools reap ‘immeasurable’ benefits when the ESPN bus rolls into town.
kyrie-irving-nike
November 4, 2022

Nike Suspends Relationship With Kyrie Irving Over Antisemitism

After several days of silence, the brand has dropped Irving.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world with Jobbio.
Sr. Account Manager
Miami Heat
Miami, FL
Director of Ads
Nike
Portland, OR – Hybrid
Sports Journalist
CBS Sports
New York City, NY
exclusive

Fenway Sports Group Puts Liverpool Up For Sale

FSG has prepared a full sales presentation and is inviting offers.
FIFA-Qatar
November 7, 2022

FIFA: Keep ‘Political Battles’ Out of World Cup

FIFA wrote a letter to the 32 World Cup teams following boycotts.
Qatar-World-Cup-Trophy-Ball
November 2, 2022

Qatar Could Pivot on LGBT Policies During World Cup

Security officials would exercise “less intervention and more mediation.”
World-Cup
November 1, 2022

Qatar Is Paying Fans To Post Pro-World Cup Propaganda

Qatar is likely attempting to combat criticism for human rights violations.
October 31, 2022

Women’s Soccer Is Growing and Drawing More Investors

Clubs’ commercial revenue increased 33% year-over-year.
October 31, 2022

Report: Inter Miami Getting Closer to Signing Lionel Messi

The club expects Messi to sign there after multiple years of courtship.
FIFA-World-Cup
October 31, 2022

LGBT Fans Boycott World Cup As FIFA Stays Quiet

The World Cup takes place between Nov. 20 and Dec. 18.
cricket
October 28, 2022

Indian National Cricket Teams to Equalize Pay for Men and Women

India will equalize pay for the men’s and women’s cricket teams.