$21 Billion Worth Porsche Picks Blue as F1 Deal With Red Bull Reaches Promising Conclusion

The F1 world has been shaken up ever since Porsche outlined their interest to enter the sport. However, rather than entering as an independent constructor, the German manufacturer preferred to enter in partnership with an existing team; Red Bull.

After months of speculation, it has finally been revealed that Porsche will indeed be purchasing a 50% stake in Red Bull. Although there is no official press release or announcement, as of now the formal process of the partnership is underway.

The two entities need to disclose the details of their tie-up which have now been published in Morocco by the Conseil de la Concurrence. The document reveals that Porsche will be entering a 10-year agreement with the Milton Keynes outfit, having a 50% stake in their GP operations from 2026.

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Although the official announcement was scheduled for the Austrian GP, some unforeseen delays prevented this. However, now reports suggest that the partnership will be official from the 4th of August.

Audi to enter F1 after following in Porsche’s footsteps

Just like Porsche, Audi has also been eying an entry into F1 for quite some time. However, they have also made their move after reaching an agreement to acquire the Sauber F1 team as they plan to make their F1 debut in 2026.

The German giants and Alfa have signed a deal worth $450 million, which will see Audi take over the team. F1 Journalist Joe Saward revealed some further details about the partnership, “the deal is worth around $450 million and will see Audi acquiring 75 percent of the shares in the team, valuing it at $600 million.”

“The sale is conditional on the technical rules of F1 for 2026 is confirmed by the FIA but will be a phased deal over three years with Audi taking control of the first 25 percent of the shares in 2023, another 25 percent in 2024 and a third 25 percent in 2025.”

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Other than this, he also revealed that it will be Audi power units powering their cars, so a full-fledged F1 operation is in line for Audi.