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Porsche reportedly buying a 50% stake in Red Bull

Porsche are close to acquiring a 50% stake in Red Bull, as per media reports, with more details emerging on both companies' plans to jointly compete in Formula 1. The fact that Porsche and Red Bull were planning for a tie-up in F1 was probably one of the worst kept secrets in the F1 paddock, as part of Volkswagen Group's plans to enter the sport. There were even reports that an announcement regarding Red Bull and their future cooperation with Porsche would be announced over the weekend of the Austrian Grand Prix earlier in July. However now, documents have surfaced in Morocco revealing that Porsche would be acquiring a 50% stake in Red Bull's F1 operations, which will be the way in which...
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6mo ago from GrandPrix247.com 0
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