A few days ago Porsche announced its interest to return to F1 by 2021 as an engine maker. But according to sources, the group may be thinking of purchasing Red Bull racing team as an entry point to Formula 1.
After winning the world titles for four consecutive years, Red Bull has won only six races since the new engines were introduced in 2015. The team seems to be losing steam and their survival is in question.
Red Bull’s owner Dietrich Mateschitz has constantly expressed his dissatisfaction with the 2014 engine regulations and had said the team’s future in F1 is not guaranteed.
According to the rumours, Christian Horner will continue as the team principal and the team will still be based out of Milton Keynes. Adrian Newey will also continue to lead the technical team.
Red Bull might continue to stay as a sponsor of the team, reducing its costs but still get the exposure.
The only major difference will be the change of the owner, a new name for the team and the team will become a works team with its own engine.
While officially and unofficially there are no confirmations or denials of the rumours, the move makes a lot of sense from different angles.
If Porsche enters F1 again, it would be a major accomplishment for Liberty Media to have one of the most prestigious automotive brands in the world in the series.