Porsche has officially called off the deal with Red Bull to enter Formula 1 in 2026 following months of negotiations between the duo.
The Volkswagen Group approved Porsche‘s plans to enter F1 in 2026 following regulations change. So, the German manufacturer held talks with Red Bull racing for a potential partnership with the team for 2026.
Early reports indicated an intent of Porsche to buy a 50% stake in Red Bull. However, now it looks like the negotiations were not able to reach a definite conclusion.
Porsche made an official statement on Friday before the Italian Grand Prix weekend started. Porsche cleared that the talks with Red Bull were not able to conclude and the deal with Red Bull was off. The German manufacturer cleared that there was no intent to pursue the talks anymore in the future either.
Porsche gave an official statement
Here is what Porsche said in its official statement:
“In the course of the last few months, Dr. Ing. h.c. F. Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche’s entry into Formula 1,”
the statement reads.
“The two companies have now jointly come to the conclusion that these talks will no longer be continued.
“The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team. This could not be achieved.
“With the finalised rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored.”
It is believed that Red Bull was unwilling to give so much “stake” to Porsche.
Porsche’s sister company, Audi has already officially announced its arrival at the pinnacle of motorsports. Porsche, on the other hand, has also trademarked the word F1nally.
Nevertheless, Audi is being linked with Sauber for its entry into Formula 1.
However, Porsche’s entry still seems uncertain and whether the manufacturer really enters F1 or tries its luck elsewhere has also come under doubt.
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