Porsche to acquire 50 percent of Red Bull Racing Company

The deal came to light through official documents that Red Bull and Porsche were required to file with competition authorities in numerous countries around the world – including some 20 countries outside the EU. The relevant documents filed in Morocco have been revealed by Motorsport-Total.

It is also reported that the deal was originally going to be formally announced at the Austrian Grand Prix, the home round for Red Bull. However, the official announcement has been delayed due to the fact that Formula One and the FIA have yet to formally agree on the new motor regulations, which will come into force from 2026. Without official regulations, Porsche cannot make an official announcement about joining Formula One for legal reasons.

#Spa24H – The 1st free practice session is over, it had to be interrupted several times with the red flag. The current #Porsche #911GT3R positions:

P02 – @herberthmotors1 #24
P13 – @dinamicmotors #54
P25 – @herberthmotors1 #91
P26 – @KCMotorgroup #47
P27 – @herberthmotors1 #911 pic.twitter.com/KLrYDBtsO9

— Porsche Motorsport (@PorscheRaces) July 28, 2022

At the same time, Audi, which is also set to compete in Formula One from 2026, continues to negotiate the purchase of Sauber (which competes in F1 as Alfa Romeo). “Audi intends to acquire a 75 per cent stake in Sauber.