Porsche will buy a 50% stake in Red Bull Racing, as the first details about their deal have been revealed. All the info here: F1
Despite the lack of any official press release announcing that the long-rumoured partnership between the German car manufacturer and the Milton Keynes-based F1 squad is go, formal processes have begun to ensure that the tie-up does not hit a snag.
As well as this needing to be done in the European Union, it also required applications to be lodged in more than 20 countries outside the EU. The process to get the green light has required Porsche and Red Bull to reveal details of their tie-up, which have now been published in Morocco by the Conseil de la Concurrence.
The revealing of the details by authorities, even before the announcement has been made public, has partly been triggered by delays in a formal green light from Porsche for its F1 return.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The floor fence battleground intensifying Ferrari and Red Bull F1 fightAn intriguing development battleground is opening up between F1 frontrunners Red Bull and Ferrari as they push on with their car development throughout the 2022 season. Explained:
Read more »
Christian Horner says Red Bull title leads 'exceed my wildest dreams'Pre-season, Christian Horner could not have imagined such healthy Championship leads for Red Bull heading towards the summer break. F1
Read more »
Red Bull F1 driver Perez to enter team in electric powerboat seriesRed Bull Formula 1 driver Sergio Perez is to enter a squad in the electric powerboat series being established by Formula E co-founder Alejandro Agag.
Read more »
The standout F1 2022 weakness Verstappen still needs Red Bull to addressOPINION: After his French Grand Prix victory and Charles Leclerc’s catastrophic crash, Max Verstappen’s points lead now sits at 63 – the largest it’s been so far in Formula 1 2022. But there’s still one area where he isn’t satisfied, which he needs Red Bull to fix
Read more »
Nubia Red Magic 7s Pro reviewCan the Red Magic line shake its second fiddle status with the all-screen 7s Pro?
Read more »
Runaway Red Line Train Is Latest Incident For Embattled MBTAThe MBTA reported another runaway Red Line train Monday, less than a week after an Orange Line train caught fire on a bridge over the Mystic River. During this most recent incident, a two-car train set rolled out 800 feet north of the Braintree rail yard before the morning commute at 5:30 a.m. “I need help,” exclaimed a train operator…
Read more »