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Saturday, May 18, 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.
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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.

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